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Macquarie Downgrades Pinduoduo Inc. (PDD) to Neutral

August 26, 2024 2:08 PM EDT
Get Alerts PDD Hot Sheet
Price: $78.29 -1.6%

Rating Summary:
    16 Buy, 12 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 10 | New: 23
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Macquarie analyst Ellie Jiang downgraded Pinduoduo Inc. (NASDAQ: PDD) from Outperform to Neutral with a price target of $126.00 (from $220.00).


For an analyst ratings summary and ratings history on Pinduoduo Inc. click here. For more ratings news on Pinduoduo Inc. click here.


Shares of Pinduoduo Inc. closed at $139.87 yesterday.


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