Mizuho Maintains Buy on Dada Nexus, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst James Lee maintains a Buy rating on Dada Nexus (NASDAQ:DADA) but lowers the price target from $6 to $5.

May 21, 2024 | 12:29 pm
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NEUTRAL IMPACT
Mizuho analyst James Lee maintains a Buy rating on Dada Nexus but lowers the price target from $6 to $5.
The Buy rating suggests continued confidence in Dada Nexus, but the lowered price target indicates some caution about its short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100