Major Bank Ratings | China Merchants Securities International: Lists Duolingo and New Oriental as Top Picks in the Education Sector, Both Rated "Overweight"

Glonghui January 9th｜China Merchants Securities International released its Q1 2026 outlook for the education industry, stating that the education sector has promising prospects driven by both AI technological innovation and defensive growth. Duolingo and New Oriental were listed as top picks, both maintaining an “Overweight” rating, with target prices of $347 and $70 respectively. The firm pointed out that AI+education innovation is ongoing, creating a differentiated competitive landscape among market participants. The integrated development of model capability, systematic content, emotional companionship, and generalized learning scenarios will become the future trend.