According to the latest Analysis Report from Macquarie, the target price for New Oriental Education has been raised to 53 yuan. It is expected that the company will deliver a strong performance in the first quarter.
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Morgan Stanley has released a research report, forecasting that New Oriental Education's revenue for the first quarter of the 2024 fiscal year will increase by 35% YoY, reaching the upper limit of the company's guidance. This growth is mainly driven by the steady demand for overseas test preparation and new educational services.
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