DADA - Dada Nexus Needs More Time To Deliver Better Results
2024-06-12 05:33:06 ET
Summary
- Dada Nexus's short-term prospects are unfavorable, considering expectations of a larger revenue decline and continued losses in subsequent quarters.
- On the flip side, it is encouraging to observe an improvement in user metrics and a faster-than-expected pace of buybacks for DADA.
- A Hold rating for Dada Nexus stock is warranted based on a review of the company's financial outlook, operating metrics, and capital return.
Elevator Pitch
I assign a Hold rating to Dada Nexus Limited ( DADA ). The focus of my earlier March 28, 2024 article was the company's financial disclosures for the final quarter of 2023....
Dada Nexus Needs More Time To Deliver Better Results