New Oriental Education & Technology Group Inc
There have been many bullish analysts’ reports for New Oriental Education & Technology Group Inc. (NYSE:NOE) lately. Recently, Morgan Stanley raised its rating on New Oriental from “neutral” to a “buy.” Daiwa Capital Markets and UBS Group also upgraded the stock to a buy rating. Morgan Stanley’s research note for the stock on Monday, May 2nd also boosted its price target to $24 from $20.
Although the company has seen its share price jump, the first quarter of the year ended in a loss of $876 million. Compared to the same period last year, the company had a net profit of $228 million. Moreover, the company’s cash flow shrank 60%. As a result, the earnings report for the current quarter did not adequately capture the full impact of the company’s woes. However, investors were looking for signs regarding the state of the industry and New Oriental’s business plans for the next quarter.
The Company has also published two announcements related to the listing of the Bonds on the Hong Kong Stock Exchange. The Company has also published an announcement related to the partial repurchase of Bonds. Its announcements are not binding, and are subject to change. Please read them carefully before investing. If you’re thinking of buying a Bond, do so responsibly. Remember that New Oriental Education & Technology Group Inc. can purchase them at any time.
A company’s stock price can be affected by changes to the rules. While a recent regulatory change impacted the market, recent news about the company’s live streaming platform helped the company’s stock gain momentum. Shares of its online learning affiliate, New Oriental Education, rebounded on Tuesday after the Tencent selloff. However, the company’s stock price is still only worth a third of what it was last year, when it was down to just $150,000 per share.
In addition to the company’s financials, the company’s growth prospects have been encouraging recently. A recent online educational video sharing service, Oriental Selection, is a subsidiary of Koolearn. After its bilingual livestreaming campaign went viral, the company saw an influx of traffic. Now, this could make up for some of the losses the company has suffered in the education sector.
Investors are also optimistic about the company’s future prospects, which may help the stock rise in the next quarter. It’s likely to be one of the best stocks to buy this year. So, what should you expect from New Oriental Education & Technology Group Inc – June 15 2022? We’ve broken down the reasons why EDU stock is such a good buy. But, as with any investment, the best time to invest in this stock is before it becomes too late.