Benchmark Maintains Buy on PDD Holdings, Lowers Price Target to $114
Benchmark analyst Fawne Jiang maintains PDD Holdings (NASDAQ:PDD) with a Buy and lowers the price target from $127 to $114.
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PDD says new EU tariffs will raise Temu's costs and slow cross-border orders as the company adapts after U.S. trade changes.
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Benchmark analyst Fawne Jiang maintains PDD Holdings (NASDAQ:PDD) with a Buy and lowers the price target from $127 to $114.
Read original at benzingaUS equities mixed as tech stocks drag Nasdaq 100 lower, Trump escalates trade fight with Canada, and Fed Chair Warsh speaks at Jackson Hole.
Read original at benzingaThe Dow Jones edged higher on Aug. 24, 2026, while the Nasdaq declined due to semiconductor weakness and tech sector volatility. Investors rotated from riskier tech stocks into blue chips amid bond market uncertainty and geopolitical concerns. Major earnings from Nvidia, CrowdStrike, and Marvell Technology are expected this week, along with Fed Chair Kevin Warsh's Jackson Hole speech on Friday.
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