  We present follow-up photometric and spectroscopic observations, and
subsequent analysis of Gaia20eae. This source triggered photometric alerts
during 2020 after showing a $\sim$3 mag increase in its brightness. Its Gaia
Alert light curve showed the shape of a typical eruptive young star. We carried
out observations to confirm Gaia20eae as an eruptive young star and classify
it. Its pre-outburst spectral energy distribution shows that Gaia20eae is a
moderately embedded Class II object with $L_\mathrm{bol} = 7.22$ L$_\odot$. The
color-color and color-magnitude diagrams indicate that the evolution in the
light curve is mostly gray. Multiple epochs of the H$\alpha$ line profile
suggest an evolution of the accretion rate and winds. The near-infrared spectra
display several emission lines, a feature typical of EXor-type eruptive young
stars. We estimated the mass accretion rate during the dimming phase to be
$\dot{M} = 3-8 \times 10^{-7}$ M$_\odot$ yr$^{-1}$, higher than typical T Tauri
stars of similar mass and comparable to other EXors. We conclude Gaia20eae is a
new EXor-type candidate.
