Zacks: LAIX Inc. (LAIX) Given Consensus Rating of “Hold” by Analysts

LAIX Inc. (NASDAQ:LAIX) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Analysts have set a one year consensus target price of $11.50 for the company, according to Zacks. Zacks has also assigned LAIX an industry rank of 193 out of 255 based on the ratings given to its competitors.

LAIX has been the subject of a number of research reports. Goldman Sachs Group initiated coverage on LAIX in a research report on Monday, October 22nd. They set a “buy” rating and a $19.00 price target for the company. Morgan Stanley initiated coverage on LAIX in a research report on Monday, October 22nd. They set an “equal weight” rating for the company.

LAIX stock opened at $10.92 on Wednesday. LAIX has a 12-month low of $8.80 and a 12-month high of $16.50.

About LAIX

LAIX Inc, an artificial intelligence company, provides online English learning services through Liulishuo mobile app in the People's Republic of China. It is also involved in the artificial intelligence lab operation; technology development; and loan arrangement activities. The company was formerly known as LingoChamp Inc LAIX Inc was founded in 2013 and is headquartered in Shanghai, the People's Republic of China.

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