2024-02-15 09:40:45 ET
Summary
- PDD Holdings' stock price has surged in the past two years, but there are significant risks that may cause its growth to decelerate.
- The lack of a competitive moat in PDD Holdings' business model makes it vulnerable to competition from other e-commerce platforms.
- Alibaba, despite its recent challenges, still poses a threat to PDD Holdings and has the resources to strike back.
PDD Holdings ( PDD ) has recently been touted by many analysts as a strong buy , which is odd, as if they completely forgot about the spectacular fall in the stock price of Alibaba ( BABA ) (which operates in the same field) which now has a market cap similar to PDD....
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PDD Holdings: Stock Price Unjustified As It Lacks A Competitive Moat