Why Telesis Bio Shares Are Trading Higher By Around 110%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Source: Benzinga
Telesis Bio Partnership Announcement: Telesis Bio, Inc. shares surged 109.9% in pre-market trading following a partnership with Beckman Coulter Life Sciences aimed at enhancing DNA and mRNA synthesis through efficient biofoundries.
Market Movements: Several stocks experienced significant pre-market trading fluctuations, with Kintara Therapeutics rising 41.8% and VS MEDIA Holdings falling 23.6%, amid various corporate announcements and financial results.
Analyst Views on GOTU
Wall Street analysts forecast GOTU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOTU is 3.20 USD with a low forecast of 3.20 USD and a high forecast of 3.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 2.410
Low
3.20
Averages
3.20
High
3.20
Current: 2.410
Low
3.20
Averages
3.20
High
3.20
No data
About GOTU
Gaotu Techedu Inc is a technology-driven education holding company primarily engaged in enabling lifelong learning through artificial intelligence (AI)-powered solutions. The Company provides AI-powered, product-led learning solutions for learners from pre-school to adulthood. The learning services business is engaged in the provision of traditional learning services, non-academic tutoring services and college student and adult education services. The educational content and digitalized learning products business is engaged in the provision of books and digitalized auxiliary learning tools including smart devices and translation pens. The digitalized learning products primarily include AI-powered reading applications (APPs), AI-based writing assessment tools, AI-driven question and answer (Q&A) tools, as well as learning tools. The Company is also engaged in the leasing of office buildings and the licensing of intellectual property rights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
