- Morgan Stanley analyst Sheng Zhong upgraded Youdao Inc (NYSE:DAO) to Overweight from Equal Weight with a price target of $15, up from $13. The price target implies an upside of 77.8%.
- Demand for learning services in China remains strong, and market leaders are “building advantages in their respective areas,” Zhong tells investors in a research note.
- The analyst says the worst of the regulatory clampdown is now over, stabilizing operations.
- Sentiment towards the space remains low, but “the worst is over and quality names are undervalued,” writes Zhong.
- The analyst upgraded Youdao and TAL Education Group (NYSE:TAL) while keeping an Overweight rating on New Oriental Education & Technology Group Inc (NYSE:EDU).
- Price Action: DAO shares traded higher by 6.18% at $8.94 on the last check Monday.
12 Health Care Stocks Moving In Monday’s After-Market Session
Gainers
OpGen (NASDAQ:OPGN) shares rose 20.6% to $0.52 during Monday's after-market session. This security traded at a volume of 927.4K shares come close, making up 324.6% of its average volume over the last 100 days. The company's market cap stands at $25.0 million.
