The Zhitong Finance App learned that on June 8 (Thursday), the stock price of Youdao (DAO.US) rose more than 6% to 4.972 US dollars as of press release. Jefferies maintains the Yudao “buy” rating and expects strong growth in the company's performance in the second half of the year.

Jefferies pointed out in the report that in the short term, the company's education services other than vocational education are expected to resume growth. The company stated at the 2023Q1 performance conference that its turnover increased by more than 70% in February-March. In the medium to long term, the company relies on technical and content advantages to continuously explore the application of AIGC related technology in the field of education, enhance teaching experience and efficiency, and drive long-term growth. Currently, the company's valuation is at a historically low level, maintaining a “buy” rating.