Analyst Eddy Wang of Morgan Stanley maintained a Buy rating on TAL Education Group (TAL – Research Report), with a price target of $13.00.
Eddy Wang’s rating is based on several key considerations regarding TAL Education Group’s recent performance and market position. Despite the company’s total revenue increasing by 42% year-over-year to $610 million, it fell short of Bloomberg’s expectations of $632 million. This discrepancy, however, does not overshadow the company’s potential for growth, as indicated by the 18% upside to the price target.
Eddy Wang also notes that while the non-GAAP operating profit remained flat quarter-over-quarter at a loss of $2 million, it was significantly below the expected $26 million. Nevertheless, the strategic outlook and market dynamics suggest a promising trajectory for TAL Education Group, justifying the Buy rating. The company’s market capitalization and average daily trading value further support this optimistic view, indicating strong investor interest and liquidity in the stock.
According to TipRanks, Wang is ranked #8838 out of 9371 analysts.