Gaotu Techedu Inc. (NYSE:GOTU) Receives $8.80 Average Price Target from Analysts

Gaotu Techedu Inc. (NYSE:GOTU) has been assigned an average rating of “Sell” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $8.80.

Several equities analysts recently issued reports on the stock. CLSA downgraded shares of Gaotu Techedu from an “underperform” rating to a “sell” rating and cut their price target for the company from $19.00 to $2.70 in a report on Monday, July 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $2.50 target price on shares of Gaotu Techedu in a research note on Tuesday, July 27th. Citigroup downgraded shares of Gaotu Techedu from a “buy” rating to a “sell” rating in a research note on Friday, June 11th. JPMorgan Chase & Co. downgraded shares of Gaotu Techedu from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $37.00 to $3.50 in a research note on Friday, July 23rd. Finally, downgraded shares of Gaotu Techedu from a “neutral” rating to a “sell” rating and set a $12.00 target price for the company. in a research note on Friday, June 11th.

Shares of NYSE:GOTU traded up $0.13 during midday trading on Tuesday, reaching $2.46. 8,510,473 shares of the company’s stock were exchanged, compared to its average volume of 11,273,438. The business has a 50 day moving average price of $4.20. The stock has a market cap of $627.04 million, a price-to-earnings ratio of -1.37 and a beta of -1.29. Gaotu Techedu has a 12 month low of $2.25 and a 12 month high of $149.05.

Gaotu Techedu Company Profile

Gaotu Techedu, Inc is a technology-driven education company. Its core expertise is in online K-12 courses, and online K-12 large-class after-school tutoring service provider in China. The company’s K-12 courses cover all primary and secondary grades. It also offers foreign language, professional and interest courses.

Read More: What sectors are represented in the Hang Seng index?

Analyst Recommendations for Gaotu Techedu (NYSE:GOTU)

Receive News & Ratings for Gaotu Techedu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaotu Techedu and related companies with MarketBeat.com's FREE daily email newsletter.