Dada Nexus Limited (DADA)
NASDAQ: DADA · IEX Real-Time Price · USD
2.050
-0.050 (-2.38%)
Mar 28, 2024, 4:00 PM EDT - Market closed
Dada Nexus Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Dada Nexus stock have an average target of 6.43, with a low estimate of 2.00 and a high estimate of 13. The average target predicts an increase of 213.66% from the current stock price of 2.05.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Dada Nexus stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 4 | 5 | 6 |
Buy | 1 | 2 | 2 | 1 | 1 | 1 |
Hold | 1 | 1 | 1 | 1 | 1 | 2 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 5 | 6 | 6 | 6 | 7 | 9 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Jefferies | Jefferies | Strong Buy Maintains $8.6 → $2.9 | Strong Buy | Maintains | $8.6 → $2.9 | +41.46% | Mar 11, 2024 |
New Street Research | New Street Research | Strong Buy → Hold Downgrades $2 | Strong Buy → Hold | Downgrades | $2 | -2.44% | Mar 6, 2024 |
Daiwa Capital | Daiwa Capital | Hold → Strong Buy Upgrades $3.5 | Hold → Strong Buy | Upgrades | $3.5 | +70.73% | Feb 20, 2024 |
Mizuho | Mizuho | Strong Buy Maintains $7 → $6 | Strong Buy | Maintains | $7 → $6 | +192.68% | Jan 17, 2024 |
CLSA | CLSA | Buy Initiates $4.6 | Buy | Initiates | $4.6 | +124.39% | Nov 17, 2023 |
Financial Forecast
Revenue This Year
11.53B
from 9.37B
Increased by 23.03%
Revenue Next Year
13.54B
from 11.53B
Increased by 17.47%
EPS This Year
-0.18
from -7.92
EPS Next Year
2.00
from -0.18
Revenue Forecast
Revenue | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|---|
High | 12.0B | 14.8B | 17.9B | 21.3B | 24.7B | 28.3B |
Avg | 11.5B | 13.5B | 15.8B | 20.7B | 24.0B | 27.4B |
Low | 10.5B | 11.8B | 13.1B | 19.9B | 23.1B | 26.4B |
Revenue Growth
Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|---|
High | 28.1% | 28.7% | 32.3% | 34.8% | 19.3% | 17.6% |
Avg | 23.0% | 17.5% | 16.9% | 31.0% | 15.9% | 14.2% |
Low | 11.7% | 2.3% | -2.9% | 25.8% | 11.4% | 9.7% |
EPS Forecast
EPS | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|
High | 0.01 | 2.66 | 6.28 | 6.17 |
Avg | -0.18 | 2.00 | 4.01 | 5.99 |
Low | -0.75 | 1.11 | 2.13 | 5.75 |
EPS Growth
EPS Growth | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|
High | - | - | 214.0% | 53.7% |
Avg | - | - | 100.6% | 49.3% |
Low | - | - | 6.4% | 43.4% |
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.