New Street Research Downgrades Dada Nexus to Neutral, Announces $2 Price Target
Portfolio Pulse from Benzinga Newsdesk
New Street Research analyst Jin Yoon downgraded Dada Nexus (NASDAQ:DADA) from Buy to Neutral and set a $2 price target.

March 06, 2024 | 4:36 pm
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Dada Nexus was downgraded from Buy to Neutral by New Street Research, with a new price target of $2.
The downgrade from Buy to Neutral by a notable analyst could lead to a negative perception among investors, potentially causing a short-term decline in DADA's stock price. The setting of a $2 price target, depending on the current price, might indicate a bearish outlook, further influencing investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100