Gaotu(US:GOTU) Zhi Tong Cai Jing·2024-01-04 15:10Core Viewpoint - Chinese education stocks experienced a rise, with TAL Education (TAL.US) up over 2%, New Oriental (EDU.US) up over 4%, and Gaotu (GOTU.US) up nearly 7% following a rating upgrade from Citigroup for Gaotu from "Sell" to "Buy" [1] Group 1: Company Performance - Gaotu's recent surge in viewership is attributed to internal events at competitor Dongfang Zhenxuan, leading to a "significant but temporary increase in engagement" which may convert to slightly higher GMV [1] - In its latest earnings report, Gaotu's total billings grew by 5.3%, resulting in a net income increase of 30.2% year-over-year [1] Group 2: Analyst Ratings and Price Targets - Citigroup raised Gaotu's target price by over 80% to $4.5, representing a 37% premium over Tuesday's closing price [1]