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

DiDi Global Inc. (OTCMKTS:DIDIY) has received an average recommendation of “Buy” from the four research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.60.

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

DiDi Global Trading Up 0.8%

DIDIY opened at $3.83 on Thursday. DiDi Global has a one year low of $3.51 and a one year high of $6.99. The stock has a market capitalization of $18.03 billion, a PE ratio of 127.67 and a beta of 0.62. The business’s 50 day moving average price is $4.29 and its 200 day moving average price is $5.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.42 and a current ratio of 1.42.

About DiDi Global

DiDi Global Inc, commonly known as DiDi, is a China-based mobility technology company that operates a mobile platform connecting riders with drivers and a suite of related transportation services. Its core business centers on ride-hailing and taxi services delivered via smartphone apps, supported by in-app payments, dynamic pricing and driver management tools. Over time the company expanded beyond point-to-point rides to offer services such as food delivery, freight and logistics, bike and e-bike rentals, car rental and leasing, and driver financial and insurance products, positioning itself as a broad mobility-as-a-service provider.

The company traces its roots to the consolidation of Chinese ride-hailing startups in the mid-2010s and established itself as a dominant player in mainland China.