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Jefferies has raised the target price for Coinbase ($COIN) from $160 to $245. They also upgraded Chinese ecommerce company PDD Holdings, raising the price target to $157 from $117 and rating the stock as a buy. Following the upgrade, PDD's stock jumped, with analysts predicting an 80% potential rise in shares.
Shares of Temu owner PDD soar after analyst upgrade https://t.co/zfmHyFj8YR
Temu Owner PDD’s Stock Jumps After Analyst Upgrade. How Shares Could Rise 80%. https://t.co/0yiznEcFoV
$PDD (+6.3% pre) Jefferies notably raises Pinduoduo PT to $157 from $117, upgrades stock to buy https://t.co/VdESqejL9J