The price of DADA is predicted to go up 7.83%, based on the high correlation periods with ASML. The similarity of these two price pattern on the periods is 99.51%.
DADA
ASML
The on-demand retail industry is still in its upstart phase in China and should provide tailwinds to JDDJ.
User acquisition is already provided by JD.com, given its multiple access points to JDDJ, which is an advantage against smaller competitors.
Consistent flow of deliveries from Walmart could cause other merchants to adopt a similar model and provide a greater pipeline to Dada Nexus.
Citigroup
2024-11-15
Price Target
$2 → $1.9
Upside
+37.68%
Mizuho
2024-11-12
Price Target
$4.5 → $4
Upside
+157.23%