1 Growth Stock Down Nearly 50% to Buy Now
Pinduoduo (NASDAQ: PDD), China's third-largest e-commerce company by annual revenue, went public at $19 per American depositary share (ADS) on July 26, 2018. Its stock subsequently rallied to an all-time high of $202.82 on Feb. 17, 2021.
At the time, Pinduoduo impressed investors by growing faster than its two larger competitors, and JD.com. But today, Pinduoduo's stock trades nearly 50% below that price at about $104. The bulls retreated as Pinduoduo's revenue growth cooled off, rising rates compressed its valuation, and U.S. regulators repeatedly threatened to delist all Chinese stocks.
Those challenges seem daunting, but I believe Pinduoduo is still a great growth stock for investors who can tune out the near-term noise and focus on its long-term potential.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 36 Buy predictions and 2 Sell predictions.
With a target price of 112 € there is a hugely positive potential of 52.17% for Alibaba Group Holding Ltd ADR compared to the current price of 73.6 €.
