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Election Impact: Analyst Eyes Potential Upside for Strategic Education with Republican Victory

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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

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