Wall Street is positive on Dingdong (Cayman) Ltd (DDL). On average, analysts give DDL a Buy rating. The average price target is $4, which means analysts expect the stock to gain by 132.56% over the next twelve months.
That average ranking earns DDL an Analyst Rating of 16, which is better than 16% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating DDL a Buy today. Find out what this means to you and get the rest of the rankings on DDL!
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Dingdong (Cayman) Ltd Stock Today?
Dingdong (Cayman) Ltd (DDL) stock is trading at $1.72 as of 10:37 AM on Wednesday, Sep 6, a drop of -$0.10, or -5.49% from the previous closing price of $1.82. The stock has traded between $1.70 and $1.83 so far today. Volume today is 467,978 compared to average volume of 607,115.
Click Here to get the full Stock Report for Dingdong (Cayman) Ltd stock.
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