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China Online Education Group (COE) Gets a Buy Rating from Needham

In a report released today, Vincent Yu from Needham assigned a Buy rating to China Online Education Group (COEResearch Report), with a price target of $32.00. The company’s shares closed last Wednesday at $6.92, close to its 52-week low of $6.33.

According to TipRanks.com, Yu is a 4-star analyst with an average return of 15.7% and a 37.9% success rate. Yu covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, So-Young International, and 36Kr Holdings Inc.

China Online Education Group has an analyst consensus of Moderate Buy, with a price target consensus of $30.50.

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The company has a one-year high of $30.85 and a one-year low of $6.33. Currently, China Online Education Group has an average volume of 99.3K.

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China Online Education Group engages in the operation of an online education platform in China. Its online and mobile education platforms enable students across China to take live interactive english lessons with overseas foreign teachers, on demand. The company was founded by Jia Jia Huang, Ting Shu, and Li Ming Zhang in November 2012 and is headquartered in Beijing, China.

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