CMBI raised its forecasts for NEW ORIENTAL's non-GAAP operating profit for fiscal years 2026 to 2028 due to strong growth in new education initiatives and improved efficiency. The company reported a 20% YoY increase in net revenue for Q3 FY2026, exceeding market expectations, and anticipates continued revenue growth in Q4 FY2026. As a result, CMBI increased its target price for NEW ORIENTAL from USD78 to USD82 and maintained a Buy rating.
