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Benzinga

Business

Shivani Kumaresan

Read Why UBS Is Bullish On This E-Commerce Company

UBS Pinduoduo PDD Nasdaq Pinduoduo Inc

UBS analyst Jerry Liu upgraded Pinduoduo Inc (NASDAQ:PDD) to Buy from Neutral with an unchanged $60 price target.
The move comes after the agriculture technology platform reported EPS of $0.92, beating the consensus of $0.35.
Related: Pinduoduo Clocks 3% Revenue Growth In Q4 Backed By Strategic Shift
The analyst noted that the company’s margin expansion had offset its declining revenue growth.
Liu predicts balanced top and bottom-line growth for Pinduoduo.
Price Action: PDD shares are trading higher by 11.24% at $52.87 on the last check Wednesday.

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