Major Bank Ratings | CLSA: Raises New Oriental's US share price target to $76.9, maintains "Outperform" rating

```htmlGolden Ten Data April 23｜CLSA released a report, slightly raising its revenue forecasts for New Oriental for Q4 of fiscal year 2026 and fiscal year 2026 overall. CLSA expects robust year-on-year growth of 14.7% in fiscal year 2026 and 12.1% in fiscal year 2027, primarily due to management's expectation that the K9 business will maintain strong annual growth of over 20%, and overseas business will also stabilize. Furthermore, CLSA believes there is ample room for profit margin expansion next quarter and next year, especially considering the overseas business restructuring as well as potential cost savings from layoffs enabled by artificial intelligence.```