5 Best E-Commerce Stocks To Buy According to Analysts

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1. PDD Holdings Inc. (NASDAQ:PDD)

Average Analyst Share Price Upside: 54.91%

Average Analyst Share Price Target: $182.78

Based in Shanghai, China, PDD Holdings Inc. (NASDAQ:PDD) is a multinational commerce conglomerate with a diverse range of business ventures. The company boasts an extensive network encompassing sourcing, logistics, and fulfillment capabilities, primarily operating through its flagship mobile-only marketplace. This platform facilitates connections between millions of agricultural producers and consumers across China.

As of March 21, analysts at Citigroup reiterated their Buy rating on PDD Holdings Inc. (NASDAQ:PDD) and maintained a price target of $185.

As of Q4 2023 end, 71 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the firm. PDD Holdings Inc. (NASDAQ:PDD)’s largest stakeholder among these is Lei Zhang’s Hillhouse Capital Management since it owns $1.4 billion worth of shares.

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