Dada Nexus Limited (DADA)
NASDAQ: DADA · IEX Real-Time Price · USD
1.930
+0.110 (6.04%)
May 17, 2024, 4:00 PM EDT - Market closed
Dada Nexus Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Dada Nexus stock have an average target of 4.61, with a low estimate of 2.00 and a high estimate of 11. The average target predicts an increase of 138.86% from the current stock price of 1.93.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Dada Nexus stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 5 | 6 | 5 | 4 |
| Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 7 | 9 | 9 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold Initiates $2.1 | Hold | Initiates | $2.1 | +8.81% | Apr 25, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $8.6 → $2.9 | Strong Buy | Maintains | $8.6 → $2.9 | +50.26% | Mar 11, 2024 |
| New Street Research | New Street Research | Strong Buy → Hold Downgrades $2 | Strong Buy → Hold | Downgrades | $2 | +3.63% | Mar 6, 2024 |
| Daiwa Capital | Daiwa Capital | Hold → Strong Buy Upgrades $3.5 | Hold → Strong Buy | Upgrades | $3.5 | +81.35% | Feb 20, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $7 → $6 | Strong Buy | Maintains | $7 → $6 | +210.88% | Jan 17, 2024 |
Financial Forecast
Revenue This Year
12.52B
from 10.51B
Increased by 19.15%
Revenue Next Year
14.57B
from 12.52B
Increased by 16.41%
EPS This Year
0.58
from -7.52
EPS Next Year
1.91
from 0.58
Increased by 227.62%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.3B | 16.7B | 18.8B | 18.6B | 19.4B |
| Avg | 12.5B | 14.6B | 15.8B | 17.6B | 18.8B |
| Low | 10.8B | 12.2B | 13.4B | 16.4B | 18.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.8% | 33.6% | 28.7% | 17.8% | 10.2% |
| Avg | 19.1% | 16.4% | 8.5% | 11.1% | 7.0% |
| Low | 3.2% | -2.4% | -7.8% | 3.5% | 2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.48 | 4.20 | 3.14 | 5.83 |
| Avg | 0.58 | 1.91 | 1.92 | 5.67 |
| Low | -0.69 | 0.45 | 0.75 | 5.44 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 619.9% | 64.1% | 204.4% |
| Avg | - | 227.6% | 0.3% | 195.7% |
| Low | - | -22.7% | -60.5% | 184.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.