Mizuho Maintains Buy on Dada Nexus, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst James Lee has maintained a Buy rating on Dada Nexus (NASDAQ:DADA) but has reduced the price target from $7 to $6.

January 17, 2024 | 5:28 pm
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NEUTRAL IMPACT
Mizuho has maintained a Buy rating on Dada Nexus but lowered the price target from $7 to $6, indicating a positive outlook with a reduced growth expectation.
While the Buy rating suggests that Mizuho still sees Dada Nexus as a good investment, the reduction in the price target may reflect a more conservative view on the company's growth prospects or market conditions. This could lead to a mixed short-term reaction in the stock price as investors weigh the positive rating against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100