Election Impact: Analyst Eyes Potential Upside for Strategic Education with Republican Victory
1
0
Truist Securities analyst Jasper Bibb upgraded the shares of Strategic Education Inc (NASDAQ:STRA) from Hold to Buy and raised the price target from $110 to $125.
The analyst is encouraged by the strong backdrop for enrollment growth in U.S. working adult education and a high fixed cost model which should reap outsized margin benefits from growing enrollments.
The analyst anticipates upside estimate revisions over the balance of 2024 with a potential multiple expansion catalyst if Republicans retake the White House in November.
The analyst views 2024 outlook as conservative and could see 6% – 12% upside to 2024 …
Full story available on Benzinga.com
Visited 1 times, 1 visit(s) today
Related posts:
- United Airlines Gears Up For Q4 Earnings: Investors Brace For Possible Turbulence
- Goldman Sachs Upgrades Fiverr International, Highlights AI-Driven Product Innovation in 2024 As Strong Catalyst
- Rails Back On Track: Analyst Upgrades Union Pacific And Norfolk Southern, Predicts Strong Intermodal Recovery
- Brazil’s PagSeguro Digital Gets A Boost: Goldman Sachs Upgrades Stock, Forecasts Stronger 2024 Growth