【大摩:维持新东方(EDU.US,09901)“持有”评级 预计2025Q4核心收入同比增长13%】智通财经APP获悉,

智通财经
27 Jun
【大摩:维持新东方(EDU.US,09901)“持有”评级 预计2025Q4核心收入同比增长13%】智通财经APP获悉,摩根士丹利发布研报称,预计新东方(EDU.US,09901)2025Q4核心收入(以美元计)同比增长13%,核心营业利润率(OPM)同比提升1个百分点以上,与管理层指引一致,即将公布的股东回报计划可能成为短期催化剂。维持“持有”评级及目标价48美元,48美元的目标价对应2026财年非GAAP市盈率16倍,考虑到2026-29财年期间15%的盈利复合年增长率(CAGR),估值合理。

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