DiDi Global Inc. (OTCMKTS:DIDIY) Receives $8.60 Average Price Target from Analysts

Shares of DiDi Global Inc. (OTCMKTS:DIDIY) have earned an average rating of “Buy” from the four brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $8.60.

Separately, Zacks Research raised DiDi Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th.

DiDi Global Stock Up 6.4%

Shares of DIDIY opened at $3.83 on Friday. DiDi Global has a 12-month low of $3.35 and a 12-month high of $6.99. The business has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $4.53. The stock has a market cap of $17.46 billion, a PE ratio of 127.64 and a beta of 0.48.

DiDi Global (OTCMKTS:DIDIY) last issued its earnings results on Tuesday, June 2nd. The ride-hailing company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. DiDi Global had a return on equity of 7.87% and a net margin of 0.43%. On average, equities research analysts expect that DiDi Global will post -0.02 EPS for the current year.

About DiDi Global

DiDi Global Inc is a technology company focused on mobility and transportation services. The company operates a platform that connects passengers with drivers and provides a range of ride-hailing and related mobility solutions through its mobile applications.

Founded in China, DiDi expanded its offerings beyond core ride-hailing to include services such as taxi hailing, designated driving, carpooling, and other transportation-related solutions. The company has also developed operations and services in select international markets, reflecting its efforts to broaden its geographic reach beyond its home market.

DiDi Global has been known primarily for its role in the on-demand transportation sector and for using data and technology to improve efficiency, safety, and convenience for users.