BofA Securities Downgrades PDD Holdings(PDD.US) to Hold Rating, Cuts Target Price to $145

Moomoo News · Oct 29 19:32 · Ratings

BofA Securities analyst Joyce Ju downgrades $PDD Holdings (PDD.US)$ to a hold rating, and adjusts the target price from $170 to $145.

According to TipRanks data, the analyst has a success rate of 54.7% and a total average return of 10.4% over the past year.

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Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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BofA Securities Downgrades PDD Holdings(PDD.US) to Hold Rating, Cuts Target Price to $145

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