10 Best Low Volatility Stocks to Invest in Now

8. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders: 86

5-year Beta (Monthly): 0.70

PDD Holdings Inc. (NASDAQ:PDD) is a multinational commerce group that operates a variety of businesses, including the e-commerce platform Pinduoduo, which offers a wide range of products such as agricultural goods, apparel, electronics, and household items, and Temu, an online marketplace.

It is seeing strong growth, largely driven by its ownership of the rapidly expanding online marketplace Temu, which is gaining traction in Europe and North America. The company’s success stems from its ability to bring large groups of buyers together to negotiate lower prices from suppliers, offering savings to users.

PDD Holdings Inc. (NASDAQ:PDD) has been showing a strong performance since 2023 as it has outperformed the EPS estimates and has increased its per-share earnings in every quarter since the first quarter of 2023. Moreover, the company’s TTM net income has grown by nearly 140% year-over-year, and over the last 5 years, it has reported a nearly 75% compound annual growth rate in revenue.

Analysts see quite a significant upside to PDD’s (NASDAQ:PDD) stock and its EPS. According to Yahoo Finance data, the company is expected to report an EPS of $11.93 in the current year, up 82.4% from 2023.

Furthermore, the company’s stock has been covered by 47 analysts and most of them maintain a Buy equivalent rating for the stock. Their average price target of $168.73 represents an upside of nearly 34.05% from current levels on November 7.