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....
Read the full article on Seeking Alpha
For further details see:
TAL Education: Turning Bullish On Revenue Beat And Potential Catalysts (Rating Upgrade)