Bernstein Sees Sharp Upside In DiDi - Read Why

Bernstein analyst Cherry Leung initiated coverage of DiDi Global Inc (NYSE:DIDI) with an Outperform rating and $6.20 price target, implying an upside of 55.4%.
Leung said that the company's "regulatory storm is largely over," and it is also working to increase license compliance.
The analyst believes having the Chinese government as a shareholder will help build the market's confidence in the shares, especially its governance oversight.
Didi maintains a "sturdy leadership position during new customer suspension," contends Leung.
Price Action: DIDI shares traded higher by 2.76% at $4.08 in the premarket on the last check Monday.

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Bernstein analyst Cherry Leung initiated coverage of DiDi Global Inc (NYSE:DIDI) with an Outperform rating and $6.20 price target, implying an upside of 55.4%.
Leung said that the company's "regulatory storm is largely over," and it is also working to increase license compliance.
The analyst believes having the Chinese government as a shareholder will help build the market's confidence in the shares, especially its governance oversight.
Didi maintains a "sturdy leadership position during new customer suspension," contends Leung.
Price Action: DIDI shares traded higher by 2.76% at $4.08 in the premarket on the last check Monday.

To add Benzinga News as your preferred source on Google, click here.