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New Oriental Education & Technology (EDU) shares rose 3.6% on Friday after Goldman Sachs upgraded the stock to buy from neutral and adjusted its price target to $65 per share from $67.Trading volume stood at around 236,000 shares compared with a daily average of 751,282.Price: $46.86, Change: $+1.66, Percent Change: +3.67%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price to USD60 from USD63, at a FY 27 (May) P/E of 18x, largely in line with its three-year average, balancing our projected healthy growth outlook for EDU with regulatory risks in China. We forecast revenue to grow 8%/10% in FY 26/FY 27, mainly supported by higher enrollments for EDU's non-academic tutoring courses (such as music and sports lessons) and its ongoing expansion plan for schools and learning centers. We also expect revenue growth to sustain for the overseas test preparation and study consulting businesses. We project net margin to improve to 8.6%/9.0% in FY 26/FY 27 (7.6% in FY 25), supported by higher utilization of its existing learning centers/classrooms, better operating efficiency, and improved profit contribution from East Buy. Despite higher startup costs for new initiatives, EDU's disciplined expansion into high-income, high-growth cities should help mitigate these pressures. Our EPADS forecasts are unchanged.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:EDU's Q3 FY 26 (May) EPADS of USD0.79 (+46% Y/Y) meets our expectation. Revenue rose 20% Y/Y, driven by solid growth across core education segments, including overseas test preparation (+7.4% Y/Y) and domestic test preparation for adults and university students (+15% Y/Y), alongside strong momentum in new initiatives (+23% Y/Y), non-academic tutoring (458k new enrollments), and intelligent learning systems. We view this as a sign of a more diversified and resilient growth profile. Net margin expanded 1.5%-pts Y/Y, supported by improved operational efficiency, better utilization, and ongoing cost optimization, with additional uplift from operating leverage as enrollment scaled. Management remains focused on strengthening its core education offerings, improving teaching quality, and optimizing costs, while deepening AI integration across its OMO system. It also plans to enhance customer retention and advance East Buy through multi-channel expansion, private labels, and membership initiatives.
(Updates with most recent stock price movement in the last paragraph.)New Oriental Education & Technology (EDU) reported fiscal Q3 non-GAAP earnings Wednesday of $0.95 per diluted American depositary share, up from $0.70 a year earlier.Net revenue for the quarter ended Feb. 28 was $1.42 billion, compared with $1.18 billion a year earlier.Analysts polled by FactSet expected $1.36 billion.The company expects fiscal Q4 net revenue of $1.43 billion to $1.47 billion. Analysts surveyed by FactSet expect $1.43 billion.For fiscal 2026, the company raised its net revenue guidance to now be between $5.56 billion and $5.60 billion, from its prior range of between $5.29 billion and $5.49 billion.Analysts polled by FactSet expect $5.48 billion.New Oriental shares rose 3% in Tuesday premarket activity.Price: $58.00, Change: $+1.64, Percent Change: +2.91%
