TAL Education: Turning Bullish On Revenue Beat And Potential Catalysts (Rating Upgrade)

Jan. 28, 2024 11:06 PM ETTAL Education Group (TAL) StockTAL3 Comments
The Value Pendulum
Investing Group Leader

Summary

  • TAL Education's Q3 FY 2024 revenue beat expectations, which drove its shares up by +5.7% on the day of the results release.
  • The introduction of new learning devices to the market and a faster pace of share repurchases could be catalysts for TAL.
  • My rating for TAL is upgraded to a Buy in consideration of potential catalysts and the company's positive sales growth momentum.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

Elementary school students do homework at home

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Elevator Pitch

My investment rating for TAL Education Group (NYSE:TAL) stock is a Buy now.

I previously reviewed TAL's financial performance for the first quarter of fiscal 2024 (YE February) in my September 29, 2023 writeup

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This article was written by

The Value Pendulum
12.78K Followers

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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