| Over a month ago | ||||
Reports Q3 revenue… Reports Q3 revenue $35.3M, one estimate $39.5M. | ||||
| Over a quarter ago | ||||
Laix is up 15.9%, or 43c… Laix is up 15.9%, or 43c to $3.13. | ||||
Goldman Sachs analyst… Goldman Sachs analyst Christine Cho upgraded Laix to Neutral from Sell with a price target of $2.80, down from $3.00, following the company's recent report of mixed Q1 results. She sees the stock being fairly valued following its 33% pullback since the start of February, Cho tells investors. | ||||
LAIX announced the… LAIX announced the appointment of Mr. Bing Sun, as the company's new CFO, effective May 6. He most recently served as CFO and deputy general manager at Wanxiang A123 Systems. | ||||
Goldman Sachs analyst… Goldman Sachs analyst Christine Cho downgraded Laix to Sell from Neutral with a price target of $2.80, up from $2.60. Following the 100%-plus gain in the share price post the announcement of Q3 financial results, Laix's valuation is stretched at the current level relative to its fundamentals, Cho tells investors in a research note. Further, the analyst continues to see "heightened pressure" on Laix's gross billings and net revenue growth owing to "sluggish" user growth following the announcement of the tightened WeChat Moments policy in May 2019. | |
Laix is down -9.6%, or… Laix is down -9.6%, or -52c to $4.89. |