CMB International Securities Maintains Buy Rating on PDD Holdings (PDD) Stock

PDD Holdings Inc. (NASDAQ:PDD) is one of the Best Consumer Cyclical Stocks to Buy According to Hedge Funds. On August 26, CMB International Securities analyst Saiyi He maintained a “Buy” rating on the company’s stock and set a price objective of $146.30. The analyst’s rating is backed by a combination of factors, mainly due to PDD Holdings Inc. (NASDAQ:PDD)’s better-than-expected financial performance. Its revenue growth, although modest, remained in line with projections, while cost savings in sales and marketing expenses resulted in a stronger operating profit than expected.

Despite the challenges resulting from the changes in the US policy and a competitive market, PDD Holdings Inc. (NASDAQ:PDD) demonstrated resilience via strategic investments targeted at enhancing the platform ecosystem and supply quality. In Q2 2025, PDD Holdings Inc. (NASDAQ:PDD) saw total revenues of RMB103,984.8 million (US$14,515.7 million), reflecting 7% growth YoY. This stemmed mainly from higher revenues from online marketing services and transaction services.

GreenWood Investors, an investment management company, released its Q4 2025 investor letter. Here is what the fund said:

“Aside from transitory foreign exchange translation losses (as opposed to trading losses), the two other notable detractors from our portfolio were MEI Pharma and PDD Holdings Inc. (NASDAQ:PDD) in 2024.