On the fly News and insights, exclusive to thefly.com

2021-01-28 06:29:54 GSX Symbol now GOTU $143.03 / +38.17 (+36.40%) 06:29 01/28/21 01/28 06:29 01/28/21 06:29	GSX Techedu downgraded to Sell from Neutral at Goldman Sachs Goldman Sachs analyst Christine Cho downgraded GSX Techedu to Sell from Neutral with a price target of $70, up from $61. The valuation "looks stretched' with the share price up 103% year-to-date, Cho tells investors in a research note. The analyst attributes the strong performance to potentially greater demand for online tutoring as certain regions in China have suspended offline tutoring amid the resurgence of COVID-19 as well as "relatively eased" online traffic competition.

2021-01-28 06:29:54

GSX

Symbol now GOTU

$143.03 / +38.17 (+36.40%)

06:29

01/28/21

01/28

06:29

01/28/21

06:29

GSX Techedu downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs analyst Christine Cho downgraded GSX Techedu to Sell from Neutral with a price target of $70, up from $61. The valuation "looks stretched' with the share price up 103% year-to-date, Cho tells investors in a research note. The analyst attributes the strong performance to potentially greater demand for online tutoring as certain regions in China have suspended offline tutoring amid the resurgence of COVID-19 as well as "relatively eased" online traffic competition.

Get Full Fly Access

Breaking market intelligence sent straight to you

Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.

Up-to-date information on important industry events

Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.

News focused on the companies in your portfolio

Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.