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Bank of America Securities Remains a Buy on New Oriental Education Tech (EDU)

Tipranks - Tipranks - Fri Jan 30, 8:00AM CST

Bank of America Securities analyst Lucy Yu reiterated a Buy rating on New Oriental Education Tech today and set a price target of $71.30.

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According to TipRanks, Yu is ranked #8898 out of 11984 analysts.

In addition to Bank of America Securities, New Oriental Education Tech also received a Buy from CMB International Securities’s Saiyi He in a report issued today. However, yesterday, TipRanks – xAI upgraded New Oriental Education Tech (NYSE: EDU) to a Hold.

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Based on New Oriental Education Tech’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $1.52 billion and a net profit of $241.15 million. In comparison, last year the company earned a revenue of $1.44 billion and had a net profit of $245.43 million

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