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

2024-01-28 23:06:22 ET

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.

Elevator Pitch

My investment rating for TAL Education Group ( 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 . The focus of the current article is the evaluation of TAL Education's most recent Q3 FY 2024 financial results and the identification of potential catalysts for the stock....

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