PDD Holdings is a big online store in China, but their stock price fell a lot because people were sad about the company's not-so-good sales numbers. But some smart people who study stocks think the stock price might go back up, even more than 90% higher. PDD's leaders say they will try to grow the company by doing better business and making people happier. Read from source...

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bullish

Article's Topic: Stock market, Chinese retail-tech giant PDD Holdings, Pinduoduo Inc, earnings results, stock drop, guidance, domestic competition, international market uncertainties, potential upside, analyst forecasts, price targets.

This article reports on the significant upside opportunity for shares of Chinese retail- tech giant PDD Holdings, following its recent 35% stock tumble. Analysts forecast a potential 92% rise from its current levels, as the company plans to focus on high-quality growth amid intensified domestic competition and global uncertainties. Several analysts have revised their forecasts and price targets for the company, despite its recent disappointing second-quarter results.

Wall Street analysts see a potential 92% rise in PDD Holdings Inc. PDD shares after the Chinese retail-technology giant's stock fell by more than 35% in just two sessions due to disappointing second-quarter results. Despite the decline, several analysts maintained their Buy ratings and revised their forecasts and price targets for the company. PDD's management plans to focus on "high-quality growth" amid intensified domestic competition and global uncertainties.