Goldman Sachs Raises Rating on New Oriental Education & Technology Group Inc. $EDU
Key Points
- Goldman Sachs now rates New Oriental Education & Technology Group Inc. ($EDU) "buy" with a $65 target.
- Goldman Sachs's $65 price target implies 39.69% upside from New Oriental Education & Technology Group Inc.'s ($EDU) current $46.53 share price.
- The Street's average $EDU price target is $73.57 (Buy).
- $EDU last traded around $46.53.
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Goldman Sachs raised its rating on New Oriental Education & Technology Group Inc. ($EDU) to a "buy" rating in a recent research note and set a price target of $65, a 39.69% upside from the current price.
New Oriental Education & Technology Group Inc. Stock Down 20.9%
Shares of New Oriental Education & Technology Group Inc. ($EDU) traded around $46.53 on Saturday, down 20.9% for the day.
New Oriental Education & Technology Group Inc. Earnings
New Oriental Education & Technology Group Inc. Dividend
Analysts Set New Price Targets
About New Oriental Education & Technology Group Inc.
New Oriental Education & Technology Group Inc. engages in the provision of private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Private Label Products and Livestreaming E-Commerce; Overseas Study Consulting Services; and Educational Materials and Distribution. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People's Republic of China. It also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services. In addition, the company offers online education services through the Koolearn.com platform. Further, it develops and edits educational materials for language training and test preparation. In addition, the company offers educational programs, services, and products to students through schools; learning centers; and bookstores, as well as through its online learning platforms. New Oriental Education & Technology Group Inc. was founded in 1993 and is headquartered in Beijing, the People's Republic of China.
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