3 Reasons to Buy PDD Holdings Stock Like There's No Tomorrow
China's PDD Holdings (NASDAQ: PDD) isn't exactly a household name here in America. In fact, there's a good chance you've never even heard of it. Even prior to its name change early this year, the company formerly known as Pinduoduo wasn't exactly a head-turner.
Much has changed in the meantime, however. Indeed, spurred by sales growth that's easily outpacing most of the company's direct competitors, PDD's $190 billion market capitalization is on par with 's and is more than 4 times bigger than JD.com's. The market is suddenly taking notice of PDD Holdings' unexpected success.
Here are three bullish reasons there's plenty more upside left to tap with this stock.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€72.80
3.260%
The stock is one of the favorites of our community with 41 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a positive potential of 49.73% for Alibaba Group Holding Ltd ADR compared to the current price of 72.8 €.
