Goldman Sachs downgraded New Oriental Education (EDU) to Neutral from Buy with a price target of $50, down from $58. The firm sees the company’s kindergarten to 12th grade revenue growth slowing. Goldman is also uncertain about New Oriental’s outer-year forecasts considering the possible deflationary effect from generative artificial intelligence based offerings either by the company or its competitors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EDU:
- Strong Financial Performance and Strategic Initiatives Drive Buy Rating for New Oriental Education Tech
- New Oriental Reports Revenue Growth Amid Challenges
- New Oriental’s Earnings Call: Mixed Sentiments Amid Growth
- New Oriental Education downgraded to Hold from Buy at HSBC
- New Oriental Education reports Q4 EPS 61c, consensus 42c