PDD's 3Q Underwhelmed, But There Were Also Some Key Positives -- Market Talk

Dow Jones

Nov 22, 2024

0757 ET - Temu parent PDD Holdings' underperformance in 3Q weighed on its shares but there were key positive data points investors shouldn't lose sight of, according to Benchmark's Fawne Jiang and Long Lin in a research note. The analysts say the dismal 3Q was primarily due to slower-than-expected international growth and a profitability reset driven by increased domestic investments. PDD shares slid nearly 11% on Thursday. But key points investors should consider include the online marketplace's year-over-year growth that outperformed the industry and publicly traded peers, say the analysts. Benchmark maintains a buy rating on PDD but lowers the price target to $160 from $185 to reflect both earnings and multiple revisions. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

November 22, 2024 07:57 ET (12:57 GMT)

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The analysts say the dismal 3Q was primarily due to slower-than-expected international growth and a profitability reset driven by increased domestic investments. PDD shares slid nearly 11% on Thursday. But key points investors should consider include the online marketplace's year-over-year growth that outperformed the industry and publicly traded peers, say the analysts. Benchmark maintains a buy rating on PDD but lowers the price target to $160 from $185 to reflect both earnings and multiple revisions. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 22, 2024 07:57 ET (12:57 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PDD's 3Q Underwhelmed, But There Were Also Some Key Positives -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPDD's 3Q Underwhelmed, But There Were Also Some Key Positives -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-22 20:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0757 ET - Temu parent PDD Holdings' underperformance in 3Q weighed on its shares but there were key positive data points investors shouldn't lose sight of, according to Benchmark's Fawne Jiang and Long Lin in a research note. The analysts say the dismal 3Q was primarily due to slower-than-expected international growth and a profitability reset driven by increased domestic investments. PDD shares slid nearly 11% on Thursday. But key points investors should consider include the online marketplace's year-over-year growth that outperformed the industry and publicly traded peers, say the analysts. Benchmark maintains a buy rating on PDD but lowers the price target to $160 from $185 to reflect both earnings and multiple revisions. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 22, 2024 07:57 ET (12:57 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PDD","symbol_name":"拼多多","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485571342","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485571342","pubTimestamp":1732280220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0757 ET - Temu parent PDD Holdings' underperformance in 3Q weighed on its shares but there were key positive data points investors shouldn't lose sight of, according to Benchmark's Fawne Jiang and Long Lin in a research note. The analysts say the dismal 3Q was primarily due to slower-than-expected international growth and a profitability reset driven by increased domestic investments. PDD shares slid nearly 11% on Thursday. But key points investors should consider include the online marketplace's year-over-year growth that outperformed the industry and publicly traded peers, say the analysts. Benchmark maintains a buy rating on PDD but lowers the price target to $160 from $185 to reflect both earnings and multiple revisions. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PDD":"拼多多"},"translate_title":"拼多多第三季度表现平平，但也有一些关键积极因素——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PDD":1},"content_text":"0757 ET - Temu parent PDD Holdings' underperformance in 3Q weighed on its shares but there were key positive data points investors shouldn't lose sight of, according to Benchmark's Fawne Jiang and Long Lin in a research note. The analysts say the dismal 3Q was primarily due to slower-than-expected international growth and a profitability reset driven by increased domestic investments. PDD shares slid nearly 11% on Thursday. But key points investors should consider include the online marketplace's year-over-year growth that outperformed the industry and publicly traded peers, say the analysts. Benchmark maintains a buy rating on PDD but lowers the price target to $160 from $185 to reflect both earnings and multiple revisions. (denny.jacob@wsj.com; @pennedbyden) \n\n\n  (END) Dow Jones Newswires\n\n\n  November 22, 2024 07:57 ET (12:57 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}