Pinduoduo Inc. (NASDAQ:PDD) stock is trading 105.39 percent above its 52-week low

Morgan Stanley raised the price target for the Pinduoduo Inc. (NASDAQ:PDD) stock from ‘an Overweight’ to ‘an Equal-weight’. The rating was released on June 11, 2023, according to finviz. We previously noted in another research note published on May 16, 2023 by JP Morgan that upgraded the stock from an Underweight to an Overweight with a price target of $55 for PDD stock. The research report from Goldman has resumed the stock to Buy, with a price target set at $95. In their research brief published March 22, 2023, Nomura analysts downgraded the Pinduoduo Inc.