Watching Gaotu Techedu; Hearing Traders Circulate Double Upgrade To Buy From Sell At Citi; Says "We Upgrade Gaotu From Sell To Buy After Meeting With CFO Shannon Shen, Recognizing The Notable Surge In Viewership"
Portfolio Pulse from Benzinga Newsdesk
Citi has upgraded Gaotu Techedu (GOTU) from Sell to Buy after a meeting with CFO Shannon Shen, citing a significant increase in viewership.

January 03, 2024 | 3:07 pm
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POSITIVE IMPACT
Gaotu Techedu's stock may see a positive impact following Citi's upgrade from Sell to Buy, driven by increased viewership.
Analyst upgrades typically have a positive effect on stock prices, especially when moving from a Sell to a Buy rating. The mention of increased viewership suggests improved business prospects, which can further encourage investor confidence and potentially lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100