CLSA Downgrades Gaotu Techedu to Underperform, Lowers Price Target to $3.3
Portfolio Pulse from richadhand@benzinga.com
CLSA analyst Jeffrey Chan has downgraded Gaotu Techedu (NYSE:GOTU) from Outperform to Underperform and lowered the price target from $3.32 to $3.3.
August 31, 2023 | 9:32 am
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NEGATIVE IMPACT
Gaotu Techedu has been downgraded to Underperform by CLSA, with a lowered price target of $3.3.
The downgrade from Outperform to Underperform by CLSA analyst Jeffrey Chan indicates a negative outlook for Gaotu Techedu. The lowered price target from $3.32 to $3.3 also suggests that the analyst expects the stock price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100