Didi Global initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Didi Global (DIDIY) with a Buy rating and $7.20 price target The company is well positioned to capture growing global mobility opportunities, is at the forefront of autonomous driving, and has an undemanding valuation, the analyst tells investors in a research note. The firm believes in the stock’s “sustained compounding of domestic” profit and free cash flow streams, along with one of the fastest profit growth rates within its China Internet coverage.