0848 GMT - The price gap between PDD Holdings' Temu and other U.S. e-commerce marketplaces will likely narrow due to U.S. trade policy changes, Citi analysts say in a note. Temu will also likely need to step up incentives to retain user engagement and shopping experience as the suspension of the "de miminis" exemption for packages from China could prolong the fulfillment period, the analysts say. Growth in Australia and Europe could partially mitigate the impact on U.S. operations, they note. PDD is projected to report 30% revenue growth for the final three months of 2024. The analysts note the forecast is low given the company's rapid growth in recent quarters. Citi keeps its neutral/high risk rating on the stock, and maintains its target price at $125. The ADRs last closed at $112.72. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
February 07, 2025 03:48 ET (08:48 GMT)
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