10 Stocks Nosedive, Defying Broader Optimism

2. New Oriental Education & Tech Grp (NYSE:EDU)

Shares of New Oriental Education (EDU) fell by 23.25 percent on Tuesday to close at $46.71 apiece after BofA Securities reduced its price target for the company by 17 percent to $68.6 from $82.9.

BofA Securities has revised its non-GAAP Earnings Per Share (EPS) estimates for fiscal years 2025 and 2026, reducing them by 12 percent and 17 percent, respectively. The price target has also been adjusted, reflecting a valuation based on fiscal year 2026 and a lower multiple, given expectations of slower growth. Despite these revisions, BofA Securities maintains a positive outlook on New Oriental Education’s stock, citing an attractive risk-reward profile for investors.

In other news, New Oriental Education & Technology Group Inc. (EDU) reported financial results that fell short of analyst estimates. The company’s adjusted earnings per American depositary share for the recent fiscal second quarter was $0.22, missing the consensus estimate of $0.32.