At the beginning of the US stock market today (July 23), the US stock education and training services sector suffered a sharp decline. Among them, education stocks such as Gaotu, New Oriental, and Good Future all fell by more than 50%.

According to the news, J.P. Morgan lowered the target prices of a number of education stock companies:

Lower the target price of New Oriental from $19 to $3.5;

Lower the high distance rating from neutral to reduced holdings, and the target price was lowered from $37 to $3.5;

Lower the target price for Good Future from $70 to $7.6, and the rating from neutral to reduced holdings.