Goldman Sachs Trims PDD Holdings Price Target to $134 Amid Ongoing Analysis

Goldman Sachs analyst Ronald Keung has maintained a buy rating for PDD Holdings (PDD.US), but trimmed his target price to $134 from its previous level of $147.

The adjustment reflects Keung's ongoing assessment of the company, which provides online food delivery and other services through its subsidiaries such as Meituan Dianping.

TipRanks data indicates that Keung has a success rate of 40.2% over the past year, with an average total return of -4.1%. The analyst's track record is represented by a 3-star rating on TipRanks, which evaluates performance based on both success rates and returns.