Stock Track | New Oriental Education Soars 10.06% Intraday as Jefferies Raises Target Price to $85

Stock Track07-29

New Oriental Education & Technology Group shares surged 10.06% in intraday trading on Wednesday, following a bullish analyst note from Jefferies that significantly raised the company's price target.

Jefferies lifted its target price on New Oriental Education to $85 from $70, representing a notable increase of over 21% from the previous target. The upgrade reflects growing confidence in the education technology company's outlook and business prospects.

The sharp upward revision in the analyst target served as a strong catalyst for the stock, driving the double-digit percentage gain as investors reacted positively to the enhanced valuation expectations.

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