New Oriental Education & Technology Group (NYSE:EDU) Stock Price Expected to Rise, Bank of America Analyst Says

New Oriental Education & Technology Group (NYSE:EDU) had its target price boosted by Bank of America from $56.20 to $58.20 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the stock. The Goldman Sachs Group lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $58.00 to $50.00 in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $48.00 to $62.00 in a report on Tuesday, June 24th. Citigroup reduced their price target on shares of New Oriental Education & Technology Group from $77.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Hsbc Global Res raised shares of New Oriental Education & Technology Group to a “hold” rating in a research report on Wednesday, July 30th. Finally, HSBC lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.87.

New Oriental Education & Technology Group Stock Performance

Shares of EDU opened at $53.19 on Monday. The business has a fifty day moving average of $48.96 and a 200 day moving average of $48.41. New Oriental Education & Technology Group has a 52-week low of $40.66 and a 52-week high of $87.26.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Wednesday, July 30th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.37. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.19 billion. New Oriental Education & Technology Group had a net margin of 7.59% and a return on equity of 11.32%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities research analysts forecast that New Oriental Education & Technology Group will post 2.75 EPS for the current fiscal year.

Institutional Investors Weigh In On New Oriental Education & Technology Group

Large investors have recently modified their holdings of the business. Aspex Management HK Ltd grew its position in New Oriental Education & Technology Group by 18.8% during the 2nd quarter. Aspex Management HK Ltd now owns 6,981,188 shares of the company’s stock worth $376,635,000 after purchasing an additional 1,106,716 shares during the last quarter. First Beijing Investment Ltd boosted its position in New Oriental Education & Technology Group by 1,997.8% in the first quarter. First Beijing Investment Ltd now owns 5,456,378 shares of the company’s stock valued at $260,869,000 after buying an additional 5,196,281 shares during the last quarter. Alkeon Capital Management LLC increased its holdings in New Oriental Education & Technology Group by 101.3% in the 2nd quarter. Alkeon Capital Management LLC now owns 2,193,486 shares of the company’s stock worth $118,339,000 after buying an additional 1,104,000 shares during the period. Discerene Group LP acquired a new position in New Oriental Education & Technology Group in the 1st quarter worth approximately $75,564,000. Finally, Greenwoods Asset Management Hong Kong Ltd. raised its position in New Oriental Education & Technology Group by 13.7% during the 1st quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,396,039 shares of the company’s stock worth $66,745,000 after buying an additional 167,721 shares during the last quarter.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.