Analysts Forecast 50% Upside to $150 for PDD Holdings as Zhang Lei Holds $1.14B
Zhang Lei holds a 27.76% stake in PDD Holdings worth $1.14 billion, making it his largest portfolio position. About 70% of analysts maintain bullish ratings with a consensus $150 price target implying 50% upside despite Citi’s adjusted $142 target and growing regulatory headwinds.
1. Zhang Lei’s Major Stake
Zhang Lei’s investment in PDD Holdings represents 27.76% of his total portfolio, equating to $1.14 billion, underscoring the billionaire’s confidence in the company’s long-term growth prospects.
2. Bullish Analyst Consensus
Approximately 70% of analysts covering PDD Holdings maintain buy ratings, with a consensus price target near $150 that implies roughly 50% upside from current levels.
3. Citi’s Cautious Outlook
Citi recently trimmed its price target on PDD Holdings from $170 to $142 and kept a Neutral rating, citing improved U.S. traffic at Temu that offsets profitability pressures from slowing domestic retail demand and rising expenses, as well as minor regulatory fines.
4. Morgan Stanley’s Rating
Morgan Stanley reiterated an Overweight rating and set a $148 price target for PDD Holdings, while removing the shares from its Top Pick list due to escalating internet regulatory risks in China.