Is New Oriental Education & Technology Group Inc. (EDU) Stock a good value investment?

Macquarie raised the price target for the New Oriental Education & Technology Group Inc. (NYSE:EDU) stock from ‘an Outperform’ to ‘a Neutral’. The rating was released on June 23, 2023, according to finviz. We previously noted in another research note published on June 13, 2023 by JP Morgan that upgraded the stock from a Neutral to an Overweight with a price target of $24 for EDU stock. The stock was upgraded by JP Morgan, who disclosed in a research note on May 02, 2023, from Underweight to Neutral and set the price objective to $14.