Dada Nexus (DADA) Stock Forecast & Price Target

$1.38 +0.01 (+0.73%)

(As of 11/15/2024 ET)

Dada Nexus - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 7 Analyst Ratings

Sell
0

Hold
5

Buy
2

Based on 7 Wall Street analysts who have issued ratings for Dada Nexus in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 5 have given a hold rating, and 2 have given a buy rating for DADA.

Consensus Price Target

$3.02
118.60% Upside

According to the 7 analysts' twelve-month price targets for Dada Nexus, the average price target is $3.02. The highest price target for DADA is $4.60, while the lowest price target for DADA is $1.90. The average price target represents a forecasted upside of 118.60% from the current price of $1.38.

DADA Analyst Ratings Over Time

Type	Current Forecast 11/17/23 to 11/16/24	1 Month Ago 10/18/23 to 10/17/24	3 Months Ago 8/19/23 to 8/18/24	1 Year Ago 11/17/22 to 11/17/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$3.02	$3.35	$3.66	$9.89
Forecasted Upside	118.60% Upside	123.62% Upside	161.67% Upside	150.31% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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DADA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DADA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Dada Nexus Stock vs. The Competition

Type	Dada Nexus	Business Services Companies	S&P 500
Consensus Rating Score	2.29	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	118.60% Upside	329.79% Upside	9.87% Upside
News Sentiment Rating	Neutral News See Recent DADA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/15/2024	Citigroup 3 of 5 stars	A. Yap Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$2.00 ➝ $1.90	+38.18%
11/12/2024	Mizuho 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$4.50 ➝ $4.00	+135.29%
8/22/2024	Daiwa America 0 of 5 stars	R. Leung Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/22/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
4/25/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$2.10	+4.74%
3/6/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$15.00 ➝ $2.00	+1.52%
11/17/2023	CLSA Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$4.60	+17.65%
10/19/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$12.30 ➝ $4.78	+18.32%
1/11/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$7.50 ➝ $18.00	+38.46%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:38 PM ET.

DADA Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Dada Nexus is $3.02, with a high forecast of $4.60 and a low forecast of $1.90.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dada Nexus in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DADA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DADA, but not buy additional shares or sell existing shares.
: According to analysts, Dada Nexus's stock has a predicted upside of 118.60% based on their 12-month stock forecasts.
: Over the previous 90 days, Dada Nexus's stock had 2 upgrades by analysts.
: Dada Nexus has been rated by research analysts at Citigroup, Daiwa America, Daiwa Capital Markets, and Mizuho in the past 90 days.
: Analysts like Dada Nexus less than other "business services" companies. The consensus rating for Dada Nexus is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how DADA compares to other companies.

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This page (NASDAQ:DADA) was last updated on 11/16/2024 by MarketBeat.com Staff

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Dada Nexus (DADA) Stock Forecast & Price Target