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Express News | CICC maintains a "outperform industry" rating for youdao, with a target price of $6.0.
CICC: Maintains the youdao (DAO.US) "Outperform Industry" rating, target price of $6.00.
China International Capital Corporation released a research report: Youdao's advertising business is growing rapidly, achieving its first profit in the third quarter, maintaining an "outperform the industry" rating.
Youdao Third Quarter 2024 Earnings: Revenues Miss Expectations
Youdao's Revenue Growth Fueled by AI Advancements
htsc maintains a "buy" rating on Youdao (DAO.US) with a target price of $5.92.
The report emphasizes that Youdao focuses on three core businesses: digital content services, online marketing, and AI subscription services, accelerating the realization of profit-driven full-year reduction of losses, and is expected to turn Non-GAAP operating profit positive for the full year.
Q3 2024 Youdao Inc Earnings Call