Is Gaotu Techedu Inc. (NYSE:GOTU) The Worst Chinese Stock to Buy Right Now According to Short Sellers [Yahoo! Finance]
Gaotu Techedu Inc. American Depositary Shares (GOTU)
Company Research
Source: Yahoo! Finance
Between January 2024 to late August 2024, the Chinese equity markets have witnessed a significant rebound. On a YTD basis, the Hang Seng Index saw an increase of over 3%. Both onshore and offshore Chinese equities were able to generate positive returns, with materials and industrial sectors in the positive territory. This growth was seen mainly due to resilience in the broader Chinese economy, with the country's GDP increasing by 5.3% YoY in 1Q, exceeding market expectations. However, China's economy grew much slower than anticipated in 2Q as a protracted property downturn and job insecurity impacted the broader economy. Market experts expect that Beijing might have to unleash even more stimulus measures. China's economy saw an increase of 4.7% in April-June, the slowest growth since 1Q 2023 and missing a 5.1% estimate by the broader market. Outlook for Chinese Economy Earlier in the year, China announced its ambitious goal of reaching 5% economic growth in 2024. The strong gro
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News
- Gaotu Techedu to Report Third Quarter 2024 Financial Results on December 4, 2024PR Newswire
- Gaotu Techedu: Profitability Concerns Overblown, Maintaining "Buy" Rating [Seeking Alpha]Seeking Alpha
- Gaotu Techedu's profitability outlook deteriorates on increased workforce - analyst [Seeking Alpha]Seeking Alpha
- Gaotu Techedu Inc. (NYSE: GOTU) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "sell" rating.MarketBeat
- Gaotu Techedu Inc. (GOTU) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
GOTU
Analyst Actions
- 8/27/24 - Citigroup Inc.