Daiwa Moves PDD Holdings (PDD) to Hold
Key takeaways
- Daiwa Moves PDD Holdings (PDD) to Hold Jeff Lewis Wed, July 1, 2026 at 6:04 PM GMT+7 2 min read PDD PDD Holdings Inc.
- On June 24, 2026, Daiwa downgraded PDD Holdings Inc.
- On June 15, BofA lowered its price target on PDD Holdings to $113 from $140 and kept a Neutral rating.
Daiwa Moves PDD Holdings (PDD) to Hold Jeff Lewis Wed, July 1, 2026 at 6:04 PM GMT+7 2 min read PDD PDD Holdings Inc. (NASDAQ:PDD) is one of the 10 Fastest Growing Asian Stocks to Buy Now.
On June 24, 2026, Daiwa downgraded PDD Holdings Inc. (NASDAQ:PDD) to Hold from Buy with a price target of $80, down from $145. Daiwa said China's 2026 6.18 shopping festival "delivered a negative surprise," with overall gross merchandise value up only 0.9% year-over-year versus a 15% increase in 2025, according to Syntun. The firm said the data confirms a "weak" e-commerce consumption trend in China and cited a "tough" macro backdrop, tightening regulations, a scaled-back national trade-in program, and a high base as limits on sector growth.
On June 15, BofA lowered its price target on PDD Holdings to $113 from $140 and kept a Neutral rating. BofA lowered its 2026-27 revenue forecasts by 6% and adjusted its net profit view by 21%-22% to reflect elevated ecosystem investments, including merchant traffic support, commission rebates, and platform-funded coupons booked as contra revenue.