Gaotu Techedu (GOTU) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gaotu Techedu in the last twelve months. There are currently 2 sell ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" GOTU shares.
View GOTU analyst ratings or view top-rated stocks.

2 brokers have issued 1 year target prices for Gaotu Techedu's stock. Their GOTU share price forecasts range from $1.30 to $3.30. On average, they expect the company's share price to reach $2.30 in the next twelve months. This suggests that the stock has a possible downside of 11.2%.
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Gaotu Techedu's stock was trading at $2.36 at the beginning of 2023. Since then, GOTU shares have increased by 9.7% and is now trading at $2.59.
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Gaotu Techedu saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,100,000 shares, an increase of 30.3% from the August 15th total of 5,450,000 shares. Based on an average daily volume of 2,520,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 4.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
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Gaotu Techedu Inc. (NYSE:GOTU) announced its earnings results on Wednesday, August, 30th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $96.96 million for the quarter. Gaotu Techedu had a trailing twelve-month return on equity of 5.74% and a net margin of 6.89%.

ETFs with the largest weight of Gaotu Techedu (NYSE:GOTU) stock in their portfolio include Global X Education ETF (EDUT).Invesco Golden Dragon China ETF (PGJ).

Gaotu Techedu issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $100.40 million-$103.15 million, compared to the consensus revenue estimate of $109.11 million.

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

Gaotu Techedu's stock is owned by many different retail and institutional investors. Top institutional investors include Strategic Vision Investment Ltd (1.63%), Acadian Asset Management LLC (1.47%), Renaissance Technologies LLC (1.30%), Point72 Hong Kong Ltd (1.03%), Keystone Investors PTE Ltd. (1.02%) and Harvest Fund Management Co. Ltd (0.87%).

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 $2.59.

Gaotu Techedu (NYSE:GOTU) has a market capitalization of $672.23 million and generates $362.21 million in revenue each year. The company earns $1.91 million in net income (profit) each year or $0.10 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.