Cracking The Code: Understanding Analyst Reviews For Dada Nexus
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Dada Nexus (NASDAQ:DADA) with recent ratings showing a mix of bullish and indifferent perspectives. The average 12-month price target has significantly decreased from $7.30 to $3.0. Analysts from Mizuho, Goldman Sachs, Jefferies, and New Street Research have adjusted their ratings and price targets, reflecting changes in market conditions and company performance.
May 21, 2024 | 2:00 pm
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Analysts have mixed views on Dada Nexus with recent ratings showing a mix of bullish and indifferent perspectives. The average 12-month price target has significantly decreased from $7.30 to $3.0.
The significant drop in the average 12-month price target from $7.30 to $3.0 indicates a bearish outlook from analysts. This, combined with mixed ratings, suggests potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100