Give a good future stock buying rating and set the target price at $32

Deutsche Bank today released its investment report, offering a "buy" rating of the Future Stock (NYSE:XRS), setting its target price at $32 trillion.

The following is a summary of the contents of the report:

The market is undervalued: we are resuming our assessment of good future stocks, giving the stock a "buy" rating and setting the target price at $32 trillion. We believe that the market has grossly underestimated the net profit forecasts for the next fiscal year 2015 and 2016. In view of the good future mainly focused on the development of K-12 business, we believe that good future revenue will increase significantly. Driven by small-class business, it is expected that good future profit margins and profit gains will be substantial. In addition, a good future is also the first to integrate technology and online strategy into the core business. In China's education market, we are bullish on future stocks.

Regional expansion: As China's leading provider of pure K-12 education, it will be able to expand its business scope successfully from 2 cities in early 2008 to the current 16 cities. We believe that successful replication of highly modular small-class businesses and a focus on relatively low penetration disciplines are key to future success.

Online strategy: A good future is the first to integrate technology and online strategy into the core business. Through the ICS 3.0 system (interactive whiteboard, etc.), local mobile application development and online marketing, a good future to become the pioneer in this field. Currently, online business accounts for 13% of the company's enrollment, accounting for 3% of revenue.

Valuation: We give a "buy" rating for the future stock and set the target price at $32.