Morgan Stanley released a research report stating that there is a 70% to 80% chance that Pinduoduo's stock price will outperform the market within 30 days. Da Mo pointed out that Pinduoduo's domestic business market share continued to expand in the fourth quarter of last year, and its overseas business Temu's GMV also maintained strong growth momentum, possibly reaching about 9 billion US dollars. Da Mo is rated as "overweight" with a target price of $181.