Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Dave Grohl 'no longer working with divorce attorney' after fathering secret child
Foo Fighters frontman hoping to reconcile with wife Jordyn Blum after admitting fathering a child with another woman
Evening Standard
Evening Standard
Taylor Swift shares ‘extremely important’ reminder with fans
Pop star endorsed Kamala Harris after watching her presidential debate against Donald Trump in September
The Independent UK
The Independent UK
The 27 Club isn’t true, but it is real − a sociologist explains why myths endure and how they shape reality
There’s a certain allure to the notion that some of the world’s brightest stars burn out at the age of 27. The so-called 27 Club has captivated the public imagination for half a century. Its members include legendary musicians Jimi Hendrix, Janis Joplin, Jim Morrison, Kurt Cobain and Amy Winehouse.…
The Conversation
The Conversation
Quincy Jones’s music was the soundtrack to so many Black lives – and something we could be proud of
There will be countless tributes to the revered producer, but for me he evokes happy days growing up and the chaos of family parties, says music industry employee Michelle Kambasha
The Guardian - UK
The Guardian - UK
Dick Van Dyke makes rare social media appearance to endorse US Presidential candidate
'Mary Poppins' star Dick Van Dyke, 98, has made a rare social media appearance to pledge his support to Kamala Harris in the US Presidential race, and he did so by reciting a speech he delivered alongside Martin Luther King Jr. at a 1964 civil rights event.
BANG Premier
BANG Premier
Rihanna Showed Off Her Glossy Waves With The Blunt Bob of My Dreams
Fall hair inspiration at its finest.
Marie Claire
Marie Claire
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play