On June 1, PDD Holdings rose 3.29% in regular trading, trading at $87.57/share, with trading volume of $457 million, extending the oversold rebound following a cumulative decline of over 16% after its Q1 earnings release.

On the news front, multiple institutions issued supportive ratings following the Q1 earnings report. Goldman Sachs maintained a Buy rating with a $145 price target, noting that the current valuation of approximately 8x P/E combined with $70 billion in net cash provides an extremely high margin of safety. China Merchants Securities (Hong Kong) upgraded its rating to Buy with a $100 target price, while Guoxin Securities maintained an Outperform rating, citing improved revenue structure, overseas expansion, and efficient cost management as supportive of long-term growth. Additionally, an institution affiliated with renowned investor Duan Yongping disclosed an increase of over 8 million PDD shares during Q1, further boosting market confidence. The stock had previously declined sharply after reporting Q1 revenue of RMB 106.2 billion (up 11% YoY) and net profit of RMB 12.5 billion (down 15% YoY), both missing consensus estimates.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)