Is PDD Holdings (PDD) One of the Best Non-Tech Stocks to Buy According to Analys

PDD Holdings Inc. (NASDAQ:PDD) is one of the best non-tech stocks to buy according to analysts. PDD Holdings Inc. (NASDAQ:PDD) received a rating update from BNP Paribas on June 15. The firm initiated coverage of the stock with an Underperform rating and set a price target of $89.

The same day, BofA cut the price target on PDD Holdings Inc. (NASDAQ:PDD) to $113 from $140 and maintained a Neutral rating on the shares. The firm told investors that it lowered its 2026-27 revenue forecasts by 6% and adjusted its net profit view by 21%-22% to take into account the increased ecosystem investments, which include commission rebates, merchant traffic support, and platform-funded coupons booked as contra revenue.

PDD Holdings Inc. (NASDAQ:PDD) also received a rating update from Barclays on May 28. The firm downgraded the stock to Equal Weight from Overweight, bringing the price target on the stock down to $89 from $165. The firm told investors in a research note that PDD Holdings Inc. (NASDAQ:PDD) reported its lowest non-GAAP net margin in five years in fiscal Q1.

PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational online commerce group and retailer that owns and operates a range of

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/pdd-holdings-pdd-one-best-164504799.html)