Market Overview

UPDATE: Goldman Sachs Initiates Buy, $15 PT on TAL Education Group on Robust Earnings Growth

Related XRS
TAL Education Group Invests $30M in Phoenix E-Learning Corporation
TAL Education Group to Acquire Firstleap Education; Terms Not Disclosed

Goldman Sachs said in a note on Monday that it initiated coverage on TAL Education Group (NYSE: XRS) with a Buy rating and a price target of $15.

Goldman Sachs noted, "TAL is well placed in the small-class segment and has a strong, underpenetrated learning center network. Reasons to buy: 1) Large untapped market opportunity. TAL's 14-city footprint is far below peers' 50-60, and we believe it has proven the scalability of its business model. 2) A focus on class-based tutoring (74% revenue contribution), a high-margin, easily affordable course format that caters to mass market demand. TAL is in a rapid expansion phase that we expect will result in sector-leading earnings growth and share price outperformance."

TAL Education Group closed at $9.99 on Friday.

Latest Ratings for XRS

Apr 2015OppenheimerMaintainsOutperform
Apr 2015Brean CapitalInitiates Coverage onBuy
Jan 2015JefferiesMaintainsBuy

View More Analyst Ratings for XRS
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Initiation Pre-Market Outlook Analyst Ratings


Related Articles (XRS)

Get Benzinga's Newsletters