12 Most Promising Growth Stocks According to Wall Street Analysts

6. PDD Holdings Inc. (NASDAQ:PDD)

Analyst Upside as of January 23, 2025: 44%

Number of Hedge Fund Holders: 78

PDD Holdings Inc. (NASDAQ:PDD) is a multinational e-commerce group that owns Temu and Pinduoduo, two online retail sites. Temu is one of the fastest-growing e-commerce platforms in the world, with a 20% market share in its home country. The company has a mission to bring more and more individuals and entities into the digital economy. PDD celebrates a solid network of sourcing, logistics, and fulfillment, all of which support its operations.

In the third quarter of 2024, PDD Holding’s total revenue reached $14.16 billion, a 44% increase year-over-year. The company attributes its growth in revenues to its online marketing and transaction services. PDD saw a moderation in revenue growth and attributed such to the growing competition in the e-commerce sector. The company’s selling point is its ability to offer services in remote areas through designated logistical support programs. Overall, PDD Holdings Inc. (NASDAQ:PDD) is optimistic for the future and eyes long-term growth driven by innovation in its supply chain capabilities and an emphasis on product quality.

PDD Holdings (NASDAQ:PDD) boasts a solid growth opportunity as it expands its offerings to more countries across the globe. This explains why analysts are bullish on the stock and their median price target represents an upside of 44% from current levels.