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Here's Why GSX Techedu Stock Is Trading Higher Before Earnings

TheMotleyFool

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Here's Why GSX Techedu Stock Is Trading Higher Before Earnings

Shares of Chinese education company GSX Techedu (NYSE: GSX) traded higher on Tuesday, after an analyst at J.P. Morgan raised his price target for the stock. The new price target comes just ahead of GSX Techedu's scheduled earnings report.

As of 3 p.m. EDT today, GSX Techedu stock is up 9% for the day, and up over 300% from where it started 2020 -- absolutely crushing the market over that span.