Morgan Stanley's research report on August 7th stated that it regarded New Oriental's increasing shareholding scale and the recommendation to pay special dividends positively. However, considering the company's previous record of share repurchases falling short of expectations, the report believed that the execution of the plan needs to be closely monitored. As of July 30th, New Oriental had only repurchased 0.3 billion US dollars over the past two years, which is disappointing in terms of progress. The timing of the announcement of share repurchases and special dividends reflects the recent weakness of the stock price after the announcement of the fourth-quarter results of fiscal year 2024 fell short of expectations, as well as uncertain gross profit outlook. The target price for the company's US stocks by Morgan Stanley is $79, with a rating of "shareholding".