Goldman Sachs Reinstates Neutral on Dada Nexus, Announces $2.1 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ronald Keung reinstated a Neutral rating on Dada Nexus (NASDAQ:DADA) with a $2.1 price target.

April 25, 2024 | 5:21 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Goldman Sachs reinstated Dada Nexus with a Neutral rating and a price target of $2.1.
The reinstatement of a Neutral rating by a major analyst firm like Goldman Sachs, accompanied by a specific price target, can influence investor sentiment and potentially stabilize the stock price. However, the neutral stance suggests that the firm does not see significant upside or downside in the near term, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100