On May 26, PDD Holdings rose 3.02% in regular trading, trading at $97.49/share, with trading volume of $360 million. The rally came as multiple institutions issued bullish signals ahead of the company's Q1 earnings report scheduled for May 27 pre-market.

On the news front, Nomura Securities upgraded PDD to \"Buy,\" stating its valuation is \"too low to ignore.\" Goldman Sachs maintained its $158 price target and listed PDD as a top China internet pick. Additionally, Duan Yongping's H&H International Investment fund significantly increased its position by over 8 million shares in Q1. The stock had previously retreated near its 52-week low amid concerns over decelerating revenue growth and ongoing Temu losses, with consensus expecting Q1 revenue of approximately RMB 1,093 billion (+6.66% YoY) and adjusted EPS of RMB 16.63 (-10.16% YoY). However, with net cash of approximately $70 billion representing nearly 50% of market capitalization, institutional consensus on undervaluation drove pre-earnings bargain buying.

(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.)