Core Viewpoint - Bank of America Securities has raised New Oriental's non-GAAP earnings per share forecast for the fiscal years 2026 to 2027 by 4% and 5% respectively, primarily due to a smaller-than-expected decline in overseas business revenue and an improvement in profit margins [1] Summary by Categories - Earnings Forecast - The non-GAAP earnings per share forecast for New Oriental for fiscal years 2026 and 2027 has been increased by 4% and 5% respectively [1] - Revenue and Profitability - The main reason for the earnings forecast adjustment is the overseas business revenue decline being less than anticipated, along with an increase in profit margins [1] - Target Price Adjustment - The target price for New Oriental's H-shares has been raised to 45.4 HKD, and the target price for its US shares has been increased to 58.2 USD [1] - Investment Rating - Bank of America Securities has reiterated a "Buy" rating for New Oriental [1] - Potential Catalysts - Potential catalysts for the stock include increased shareholder returns, better-than-expected performance in overseas business, a renewed acceleration in K9 business, and resilience in profit margins [1]
大行评级丨美银：上调新东方目标价至58.2美元 重申“买入”评级