PDD shares climbed nearly 1% to a five-month high after Q2 results showed a 3.9% profit dip and 7.1% revenue growth, slightly below forecasts. Citi and Macquarie raised price targets to $168 and $165, citing resilience despite US trade headwinds. With retail sentiment 'extremely bullish,' PDD is shifting focus to Europe and Brazil, while trimming Temu's costs.