Dada Nexus (DADA) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dada Nexus in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" DADA shares.
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1 Wall Street research analysts have issued 12 month price targets for Dada Nexus' shares. Their DADA share price forecasts range from $11.00 to $18.00. On average, they expect the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 161.2% from the stock's current price.
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Dada Nexus' stock was trading at $6.97 at the start of the year. Since then, DADA shares have decreased by 23.1% and is now trading at $5.36.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 28th 2023.
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Dada Nexus Limited (NASDAQ:DADA) posted its quarterly earnings data on Wednesday, March, 8th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The firm earned $377.11 million during the quarter, compared to analyst estimates of $409.58 million. Dada Nexus had a negative net margin of 20.13% and a negative trailing twelve-month return on equity of 19.13%.

ETFs with the largest weight of Dada Nexus (NASDAQ:DADA) stock in their portfolio include iShares Virtual Work and Life Multisector ETF (IWFH), iShares MSCI China Small-Cap ETF (ECNS), Harbor Disruptive Innovation ETF (INNO), Invesco Golden Dragon China ETF (PGJ), KraneShares CSI China Internet ETF (KWEB), Invesco China Technology ETF (CQQQ), ProShares Online Retail ETF (ONLN) and ProShares Long Online/Short Stores ETF (CLIX).

Dada Nexus issued an update on its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $409.24 million-$438.47 million, compared to the consensus revenue estimate of $429.33 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dada Nexus investors own include NVIDIA (NVDA), Alibaba Group (BABA), Home Depot (HD), Abbott Laboratories (ABT), CVS Health (CVS), Fastly (FSLY), Raytheon Technologies (RTX), Thermo Fisher Scientific (TMO) and Salesforce (CRM).

(DADA) raised $264 million in an initial public offering on Friday, June 5th 2020. The company issued 16,500,000 shares at $15.00-$17.00 per share. Goldman Sachs (Asia), BofA Securities and Jefferies acted as the underwriters for the IPO.

Dada Nexus trades on the NASDAQ under the ticker symbol "DADA."

Dada Nexus' stock is owned by a number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.69%), Baillie Gifford & Co. (2.78%), Krane Funds Advisors LLC (1.32%), BlackRock Inc. (0.60%), Renaissance Technologies LLC (0.50%) and Aviva PLC (0.31%).

Shares of DADA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DADA stock can currently be purchased for approximately $5.36.

Dada Nexus (NASDAQ:DADA) has a market capitalization of $1.37 billion and generates $1.39 billion in revenue each year. The company earns $-291,130,000.00 in net income (profit) each year or ($1.07) on an earnings per share basis.

The company employs 2,631 workers across the globe.

Dada Nexus' mailing address is 22ND FLOOR NO. 1088 YANGSHUPU ROAD YANGPU DISTRICT, SHANGHAI F4, 200082. The official website for the company is about.imdada.cn. The company can be reached via phone at 86-21-3165-7167 or via email at ir@imdada.cn.