DiDi Global (NYSE:DIDI), a Chinese ride-sharing company, is falling on Monday and that dip could be the perfect time to invest in the stock.
DIDI, like many stocks, has had a turbulent start of the year. Chinese regulators cracking down on tech companies hammered stocks, but recent policy changes have seen many shares gaining again.
Let’s see if analysts believe that change is enough to warrant investing in DIDI stock below!
Is DIDI Stock a Buy?
- Sanford C. Bernstein starts us off after initiating coverage of the stock last month with an “outperform” rating. That came with a $6.20 price target, which represents a potential 55.4% upside for the shares.
- Atlantic Securities is next with a “neutral” rating for the stock, which is a downgrade from its prior “overweight” rating. Alongside that is a $25 price target for the shares. That has the analyst seeing a possible 201.2% gain for the shares.
It’s worth pointing out that only two analysts are currently covering DIDI stock. That means we don’t have a wealth of data or opinions to form a strong case for or against the company’s shares. Also, keep in mind the low price of DIDI stock before taking any investment actions.
DIDI stock is down 3.7% as of Monday afternoon and is down 24.9% since the start of the year.
There’s more stock market news for investors to check out down below!
We’ve got all the hottest stock market coverage that traders need to know about for Monday! A few examples include an upcoming event to watch from Nvidia (NASDAQ:NVDA), insider selling at Mullen Automotive (NASDAQ:MULN), as well as the latest Moderna (NASDAQ:MRNA) stock news. You can find all of that at the following links!
More Stock Market News for Monday
- Dear NVDA Stock Fans, Mark Your Calendar for Tuesday, March 22
- CEO David Michery Just Sold MULN Stock. Here’s Why.
- Dear MRNA Stock Fans, Mark Your Calendars for This Potential Moderna Catalyst on March 24
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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