Why Has Pinduoduo's Stock Doubled in the Last 12 Months?
PDD Holdings (NASDAQ: PDD) -- better known as Pinduoduo, the quickly growing e-commerce platform -- has outperformed its Chinese peers Alibaba Group and JD.com by delivering a close to 100% return to investors in the last 12 months.
The company's stock performance has been particularly outstanding if we consider that investors have generally avoided Chinese companies amid challenges like the crackdown by the Chinese government and increased scrutiny by the Securities and Exchange Commission.
Let's look at the reasons behind Pinduoduo's solid performance from the perspective of its business fundamentals -- and where the stock might go from here.
Source Fool.com
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As a result the target price of 109 € shows a very positive potential of 58.2% compared to the current price of 68.9 € for Alibaba Group Holding Ltd ADR.
