Gaotu Techedu (GOTU) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gaotu Techedu in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GOTU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GOTU, but not buy additional shares or sell existing shares.
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2 brokerages have issued 1 year price objectives for Gaotu Techedu's stock. Their GOTU share price forecasts range from $1.30 to $1.30. On average, they predict the company's share price to reach $1.30 in the next twelve months. This suggests that the stock has a possible downside of 58.5%.
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Gaotu Techedu's stock was trading at $2.36 at the start of the year. Since then, GOTU shares have increased by 32.6% and is now trading at $3.13.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 14th 2023.
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Gaotu Techedu Inc. (NYSE:GOTU) released its quarterly earnings results on Tuesday, May, 30th. The company reported $0.06 earnings per share (EPS) for the quarter. The business earned $102.99 million during the quarter. Gaotu Techedu had a trailing twelve-month return on equity of 2.39% and a net margin of 2.99%.

Global X Education ETF holds 6,832 shares of GOTU stock, representing 0.70% of its portfolio.

Gaotu Techedu updated its second quarter 2023 earnings guidance on Tuesday, May, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $94.36 million-$97.27 million.

Gaotu Techedu trades on the New York Stock Exchange (NYSE) under the ticker symbol "GOTU."

Gaotu Techedu's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Keystone Investors PTE Ltd. (2.17%), Strategic Vision Investment Ltd (2.06%), Renaissance Technologies LLC (1.50%), Acadian Asset Management LLC (1.29%), Bank of America Corp DE (1.21%) and Hidden Lake Asset Management LP (0.42%).

Shares of GOTU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GOTU stock can currently be purchased for approximately $3.13.

Gaotu Techedu (NYSE:GOTU) has a market capitalization of $804.50 million and generates $362.21 million in revenue each year. The company earns $1.91 million in net income (profit) each year or $0.04 on an earnings per share basis.

The company employs 4,002 workers across the globe.

Gaotu Techedu's mailing address is TOWER C BEYONDSOFT BLDG. 7 EAST ZONE 10 XIBEIWANG EAST ROAD HAIDIAN DISTRICT, BEIJING F4, 100193. The official website for the company is www.baijia.com. The company can be reached via phone at 861082826826 or via email at ir@genshuixue.com.