PDD Holdings Likely to Deliver 'Slower but Healthier Growth'
Dow Jones
Yesterday
0322 GMT - PDD Holdings is likely to deliver "slower but healthier growth," according to Nomura analysts in a research note. The company's 2! results were mixed, they say. "We believe intensified self-governance will help PDD mitigate the regulatory risks it faces in China and overseas markets but it may also lead to a normalised growth rate for the PDD's operations in both China and overseas," the analysts say. Nomura raises its adjusted net profit estimates for FY 2026 and 2027 by 1% and 4%, respectively, based on higher margins assumptions. Nomura maintains its neutral rating with an unchanged target price of US$97 on its ADRs, which last traded at US$87.07.
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