Free Trial

Dada Nexus (DADA) Stock Forecast & Price Target

+0.02 (+1.50%)
(As of 07/19/2024 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

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, 1 has given a sell rating, 4 have given a hold rating, and 2 have given a buy rating for DADA.

Consensus Price Target

171.36% Upside
High Forecast$5.00
Average Forecast$3.66
Low Forecast$2.00

According to the 7 analysts' twelve-month price targets for Dada Nexus, the average price target is $3.66. The highest price target for DADA is $5.00, while the lowest price target for DADA is $2.00. The average price target represents a forecasted upside of 171.36% from the current price of $1.35.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
1 Buy rating(s)
4 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
0 Hold rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$3.66$3.66$6.00$14.00
Forecasted Upside171.36% Upside35.54% Upside89.55% Upside45.15% Upside
Get Dada Nexus Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for DADA and its competitors with MarketBeat's FREE daily newsletter.

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Dada Nexus Stock vs. The Competition

TypeDada NexusBusiness Services CompaniesS&P 500
Consensus Rating Score
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside171.36% Upside160.23% Upside10.04% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2 of 5 stars
 Lower TargetBuy ➝ Buy$6.00 ➝ $5.00+164.55%
5/16/2024Daiwa America
0 of 5 stars
R. Leung
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeStrong-Buy ➝ Moderate Buy
5/16/2024Daiwa Capital Markets
1 of 5 stars
 DowngradeBuy ➝ Neutral
4/25/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageNeutral$2.10+4.74%
3/6/2024New Street Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Neutral$15.00 ➝ $2.00+1.52%
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Sell
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageOutperform$4.60+17.65%
10/19/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeOverweight ➝ Equal Weight$12.30 ➝ $4.78+18.32%
1/11/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight$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 Sunday at 12:13 AM ET.

DADA Forecast - Frequently Asked Questions

What is Dada Nexus' forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Dada Nexus is $3.66, with a high forecast of $5.00 and a low forecast of $2.00.

Should I buy or sell Dada Nexus stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dada Nexus in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

Does Dada Nexus's stock price have much upside?

According to analysts, Dada Nexus's stock has a predicted upside of 35.54% based on their 12-month stock forecasts.

Has Dada Nexus been downgraded by Wall Street analysts recently?

Over the previous 90 days, Dada Nexus's stock had 2 downgrades by analysts.

What analysts cover Dada Nexus?

Dada Nexus has been rated by research analysts at Daiwa America, Daiwa Capital Markets, Mizuho, and The Goldman Sachs Group in the past 90 days.

Do Wall Street analysts like Dada Nexus more than its competitors?

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.

This page (NASDAQ:DADA) was last updated on 7/20/2024 by Staff

From Our Partners