Goldman Sachs reinstated coverage of Dada Nexus with a Neutral rating and $2.10 price target. The firm continues to see the JD Daojia platform as one of the key beneficiaries of on-demand retail, yet notes the competition and market share loss versus Meituan Instashopping.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DADA:
- Dada Nexus Ltd. Under Siege: Shareholder Lawsuit Threatens Financial Health and Operations
- Dada Files Annual Report on Form 20-F for Fiscal Year 2023
- Dada Nexus Ltd. Reports Mixed 2023 Financials
- Options Volatility and Implied Earnings Moves Today, March 25, 2024
- Dada to Announce Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results on March 25, 2024