Morgan Stanley: Reaffirm the "wait-and-see" rating of Pinduoduo and the target price of $65

Eddy Wang, an analyst at $Morgan Stanley(MS.US)$ , believes that the revenue growth of the company's e-commerce order management system (OMS) in the third quarter may be the next stock price catalyst. It is estimated that Pinduoduo's revenue in the third quarter will grow by about 40% compared with the same period last year.