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<Research>UBS Slashes New Oriental Education & Technology Group TP to US$86.2 as Macro Environment Puts Pressure on Study Abroad, Resets Growth Forecasts
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New Oriental Education & Technology Group (EDU.US)'s 2FQ25 results beat management's previous expectations, but were mixed compared to the market consensus, UBS issued a research report saying. Of which, revenue beat forecast, but margin missed. The Company's management attributed the slowdown in growth to weak macro environment. UBS continued to estimate New Oriental Education & Technology Group to grow 40%/ 34% in FY2025/ FY2026 on its new “K9” plan, and believed that short-term uncertainty persists, but the Company's underlying trend should bottom out in 2HFY2025. Most of the headwinds from FY2025 should lap in FY2026. UBS projected New Oriental Education & Technology Group's FY2025/ FY2026 revenue to increase by 13%/ 19%, while adjusted net profit will hike by 28%/ 33%, respectively. The broker slashed its target price on New Oriental Education & Technology Group's US stock from US$94.3 to US$86.2, with rating at Buy. AAStocks Financial News |
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