Citigroup Maintains Buy on Gaotu Techedu, Lowers Price Target to $5.81
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Mark Li maintains a Buy rating on Gaotu Techedu (NYSE:GOTU) but lowers the price target from $12.34 to $5.81.
August 05, 2024 | 11:59 am
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Citigroup analyst Mark Li maintains a Buy rating on Gaotu Techedu (NYSE:GOTU) but lowers the price target from $12.34 to $5.81.
The Buy rating suggests a positive outlook, but the significant reduction in the price target indicates potential concerns about the company's near-term performance or market conditions. This mixed signal may result in neutral short-term price movement.
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