Stock Track | Youdao Plummets 8.17% on Intraday Trading Following Analyst Downgrade

Stock Track2024-12-19

Youdao (DAO) stock experienced a sharp plummet of 8.17% during intraday trading on Thursday, according to the movement information provided.

This significant decline can be attributed to Citi analyst Brian Gong downgrading Youdao from Buy to Neutral. Gong cited the recent rally in Youdao's share price as the reason for the downgrade, setting a new price target of $8.10, up from the previous target of $7.

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