PDD - PDD Holdings Stock Is Up 120% in the Past Year on Continued Revenue Surge. Is It Too Late to Buy?
2024-06-01 10:05:00 ET
PDD Holdings (NASDAQ: PDD) continues to see exceptional growth. The Chinese e-commerce company's revenue once again more than doubled in its most recent quarter. The stock has managed to buck the trend of other Chinese stocks and is now up over 120% over the past year.
With so much growth already priced into the stock, is it too late to buy the stock?
For its first quarter, PDD saw its revenue surge 131% to $12 billion. Revenue from transaction services soared 327% to $6.1 billion, while revenue from online marketing climbed 56% to $5.9 billion.
For further details see:
PDD Holdings Stock Is Up 120% in the Past Year on Continued Revenue Surge. Is It Too Late to Buy?