Dada Nexus Limited American Depositary Shares

In the last three months, 4 analysts have published ratings on Dada Nexus (NASDAQ:DADA), offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 1 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $2.62, a high estimate of $3.50, and a low estimate of $2.00. This current average represents a 69.53% decrease from the previous average price target of $8.60. Diving into Analyst Ratings: An In-Depth Exploration The perception of Dada Nexus by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Ronald Keung Goldman Sachs Announces Neutral $2.10 - Thomas Chong Jefferies Lowers Buy $2.90 $8.60 Jin Yoon New Street Research Announces Neutral $2.00 - Robin Leung Daiwa Capital Announces Buy $3.50 - Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Dada Nexus. This offers insight into analysts' perspectives on the current state of the company. Rating: ...Full story available on Benzinga.com

Related tickers: DADA.

SHANGHAI, China, April 22, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China’s leading local on-demand retail and delivery platform, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (“SEC”) on April 22, 2024. The annual report can be accessed on the Company’s investor relations website at https://ir.imdada.cn/ as well as the SEC’s website at http://www.sec.gov.

Related tickers: DADA.