Close

Auditors' Report Next Catalysts for GSX Techedu Inc. (GSX) - CLSA

April 7, 2021 10:39 AM EDT
Get Alerts GSX Hot Sheet
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
Join SI Premium – FREE

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Trader Talk