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<Research>M Stanley Expects PDD Holdings (PDD.US) Shr Price to Rise Over Next 30 Days w/ TP US$150
The speed and depth of the de-escalation of US-China tariffs exceeded the market consensus, while PDD Holdings (PDD.US), with more than 30% of 2024 GMV coming from the US, is deeme...
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<Research>M Stanley Expects PDD Holdings (PDD.US) Shr Price to Rise Over Next 30 Days w/ TP US$150
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The speed and depth of the de-escalation of US-China tariffs exceeded the market consensus, while PDD Holdings (PDD.US)      , with more than 30% of 2024 GMV coming from the US, is deemed as one of the companies most affected by the US tariffs this year, Morgan Stanley released a research report saying.

It is believed that PDD Holdings' share price will rise within the next 30 days, with an 80% probability for the scenario.

Related NewsImports YoY for Apr in China is 0.8%, higher than the previous value of -4.3%. The forecast was -5.9%.
While various uncertainties remain, such as the recovery speed of PDD Holdings' TEMU US business and how TEMU will absorb the additional tariff costs, the broker expected that TEMU could reboot its fully-entrusted business model in the US and could enhance pricing advantage in its semi-entrusted model. This is positive for TEMU.

Therefore, Morgan Stanley reiterated PDD Holdings as its Top Pick, with a target price of US$150 and rating at Overweight.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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