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<Research> Citi Cuts PDD Holdings Inc. (PDD.US) TP to USD142, Adjusts Operating Expense and Earnings Forecasts
Citi issued a report expecting PDD Holdings Inc. (PDD.US) to announce its 1Q26 results by end-May. It maintained its revenue forecasts unchanged, but conservatively adjusted its op...
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<Research> Citi Cuts PDD Holdings Inc. (PDD.US) TP to USD142, Adjusts Operating Expense and Earnings Forecasts
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Citi issued a report expecting PDD Holdings Inc. (PDD.US)      to announce its 1Q26 results by end-May. It maintained its revenue forecasts unchanged, but conservatively adjusted its operating expense and earnings forecasts to reflect the impact of regulatory fines.

Entering 2Q26 and 2H26, the bank expects PDD Holdings Inc. to reiterate its commitment to investment in supply chain and rural logistics, while strengthening product and merchant compliance requirements for Temu. Management is expected to maintain a cautious tone on intense competition, tightening regulatory environment and earnings pressure.

Related NewsUnemployment Rate for Apr in United States is 4.3%, unchanged from its last period. The forecast was 4.3%.
After revising its forecasts, Citi slightly lowered its TP for PDD Holdings Inc. to USD142, while maintaining a Buy/High Risk rating. (ha/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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