Auditors' Report Next Catalysts for GSX Techedu Inc. (GSX) - CLSA
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Price: $27.08 --0%
Rating Summary:
3 Buy, 6 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
3 Buy, 6 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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CLSA notes the next catalyst for GSX Techedu Inc. (NYSE: GSX) is the much-anticipated auditors' report, which the company told them will be likely in late April.
"With Archegos selling done and some China govt regulations on the education space now known (released late last wk), the auditor’s report will be a focal pt and chance to put some of the “fraud” allegations to bed," the analyst commented.
The firm notes GSX still guiding 70-80% top-line growth in FY21 several wks ago, and they haven’t heard of any changes in guidance yet.
The maintain a $76 price target.
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