Youdao: Expecting A Better Year Ahead

maybefalse Elevator Pitch I have a Buy rating for Youdao, Inc. (NYSE:DAO) shares. My previous November 17, 2023 article touched on DAO's financial results for the third quarter of last year and the company's continued share buybacks. The spotlight is on Youdao's 2024 prospects in this update. I think that DAO will perform better this year as compared to last year, but the company's favorable outlook doesn't seem to have been fully factored into its valuations. Youdao offers an enticing consensus forward ...