Huatai Securities: Youdao (DAO.US) Q1 cash flow significantly improved, maintain "buy" and raise target price to $13.99.

According to the Wisdom Wealth APP, Huatai Securities released its latest research report on May 22, maintaining a "buy" rating on NetEase Youdao (DAO.US) and raising the target price from $13.56 to $13.99. The main reason for the increase is the improved valuation of the advertising business.