Deep Dive Into Dada Nexus Stock: Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Dada Nexus (NASDAQ:DADA) show a mix of bullish and neutral perspectives, with a notable decline in the average 12-month price target to $3.6, down 53.85% from the prior average. Analysts from Jefferies, New Street Research, Daiwa Capital, and Mizuho have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Dada Nexus, a leading crowdsourced delivery service in China, has shown a positive revenue trend with a 20.44% growth rate as of September 30, 2023, but faces challenges in profitability and asset utilization.
March 11, 2024 | 5:00 pm
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NEUTRAL IMPACT
Dada Nexus has received mixed analyst ratings with a significant decrease in the average 12-month price target. Despite positive revenue growth, the company faces profitability and asset utilization challenges.
The mixed analyst ratings and significant decrease in the average 12-month price target suggest uncertainty about Dada Nexus's future stock performance. However, the company's positive revenue growth indicates potential for improvement, balancing the short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100