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Why GSX Techedu Stock Popped Today

TheMotleyFool

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Shares of GSX Techedu (NYSE: GSX) popped on Wednesday after an analyst completely changed their opinion about the company. As of noon EST, the stock was up 12%.

According to The Fly, an analyst with Goldman Sachs raised their outlook for GSX Techedu stock. Previously, the analyst had recommended selling. Now they recommend buying shares of this distance learning company operating in China. To go along with the buy rating, a $70 price per share target was placed on the stock, implying 94% more upside even after today's pop.

Image source: Getty Images.

Source Fool.com

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