Why These 15 Retail Stocks Are Skyrocketing So Far In 2025

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10. PDD Holdings Inc (NASDAQ:PDD)

Number of Hedge Fund Holders In Q3 2024: 78

PDD Holdings Inc (NASDAQ:PDD) operates Pinduoduo and Temu. The latter is one of the most popular apps in the West.

The stock is up markedly so far in 2025. The sentiment is especially better after Trump reversed his decision to close the de minimis exemption on items below $800. The reinstatement of de minimis means that people will continue to be able to buy very cheap items from Temu.

Moreover, Q3 2024 revenue grew 44% year-over-year to $14.2 billion and net income grew 60.8% year-over-year. PDD Holdings’ cash reserves are now at $44 billion against $1.46 billion of debt. It is also partnering up with European logistics firms to reduce its delivery time.

The consensus price target of $173.4 implies 51.75% upside.

PDD stock is up 17.82% year-to-date.

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