4 Reasons to Buy PDD Stock Like There's No Tomorrow
PDD Holdings (NASDAQ: PDD), one of China's top e-commerce companies, was one of the few Chinese stocks that bucked the sector's ongoing sell-off. Its stock price rallied 80% over the past 12 months, while shares of (NYSE: BABA) and JD.com (NASDAQ: JD) declined 5% and 21%, respectively.
Given the strong performance, some investors might be wondering if there is any more growth left to tap into. Let's review four reasons why PDD is still worth buying today.
PDD was only founded nine years ago (as Pinduoduo), but it quickly carved out a niche with its discount marketplace, which targeted shoppers in China's lower-tier cities. It encouraged its shoppers to team up on social media channels to score bulk discounts.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€75.40
3.010%
The stock is one of the favorites of our community with 46 Buy predictions and 3 Sell predictions.
With a target price of 105 € there is a positive potential of 39.26% for Alibaba Group Holding Ltd ADR compared to the current price of 75.4 €.
