Goldman Sachs issued a report on New Oriental Education (EDU.US) , of which share price slipped 14% overnight (24th) on weaker-than-expected quarterly earnings, despite stronger 3QFY24 revenue/ learning center expansion, above-estimate 4QFY24 revenue guidance, and better-than-expected business expansion outlook. The broker assumed the share price correction is overdone on the basis that the company's core non-GAAP operating profit should see an upward revision, and the accelerated business expansion guidance provides revenue upside in the short term and earnings upside in the medium term. In addition, EAST BUY (01797.HK) -0.100 (-0.702%) Short selling $6.02M; Ratio 5.373% 's worst profitability is over.Goldman Sachs expected New Oriental Education's core business revenue to grow at a CAGR of 29% from the current FY2024 to FY2026, on the back of 22% learning center expansion CAGR. The broker continued to rate NEW ORIENTAL-S (09901.HK) -0.800 (-1.340%) Short selling $7.38M; Ratio 9.686% Buy with a target price lowered to $88 from $90. The broker also lowered its target price for EAST BUY from $21.5 to $18.4, and assigned a Neutral rating on bigger margin pressure.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-17 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)