- The shares of DiDi Global Inc (NYSE: DIDI) have received a $25 price target from Atlantic Equities. These are the details.
The shares of DiDi Global Inc (NYSE: DIDI) have received a $25 price target from Atlantic Equities. And Atlantic Equities analyst James Cordwell downgraded DiDi shares from an “Overweight” rating to “Neutral.”
In a research note, Cordwell wrote that even though sensible goals should lead to a vibrant Chinese Internet sector, the range of potential outcomes for DiDi while it is the target of active investigations makes it harder for him to recommend the stock — at least until there is more certainty.
Cordwell believes that the most likely outcome will be manageable penalties to curb the company’s dominant position, a delisting is also possible.
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