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Youdao (NYSE:DAO) Trading 7.9% Higher - Should You Buy?
Youdao (NYSE:DAO) saw its stock price jump 7.9% intraday on Friday, although trading volume was significantly lower than average. This surge comes despite mixed analyst ratings, with Citigroup upgrading the stock to “Buy” while Weiss Ratings maintained a “Sell” rating. The company recently beat earnings estimates but still faces challenges with a high P/E ratio and negative return on equity.