Unveiling 4 Analyst Insights On Dada Nexus
Portfolio Pulse from Benzinga Insights
Dada Nexus (NASDAQ:DADA) has received mixed analyst ratings over the last three months, with a significant decrease in the average 12-month price target from $8.60 to $2.62, indicating a 69.53% decrease. Analysts from Goldman Sachs, Jefferies, New Street Research, and Daiwa Capital have provided updates, with ratings ranging from Neutral to Buy and adjusted price targets. The company faces challenges in revenue growth, net margin, ROE, and ROA, performing below industry averages. Dada Nexus, a leading crowdsourced delivery service in China, is partly owned by JD.com and Walmart Inc.
April 25, 2024 | 6:01 pm
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NEGATIVE IMPACT
Dada Nexus has seen a significant revision in analyst ratings and price targets, with a current average price target suggesting a 69.53% decrease from previous estimates. The company's financial performance shows challenges in revenue growth and profitability.
The sharp decrease in the average price target by analysts reflects a bearish outlook on Dada Nexus's financial health and market performance. Given the reported revenue decline and below-average profitability metrics, the negative sentiment among analysts is likely to impact investor confidence and potentially lead to a short-term decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100