Grand Canyon Education, the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Alexander Paris from Barrington reiterated a Buy rating on the stock and has a $230.00 price target.
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Alexander Paris has given his Buy rating due to a combination of factors that highlight Grand Canyon Education’s strong financial performance and growth potential. The company reported a notable increase in revenue for the third quarter, surpassing both internal estimates and consensus expectations. This growth was accompanied by a significant rise in adjusted EBITDA and EPS, indicating improved profitability.
Additionally, the company’s enrollment figures exceeded expectations, marking the 12th consecutive quarter of year-over-year growth. This consistent enrollment growth, particularly at Grand Canyon University and its other university partners, underscores the company’s robust market position. Furthermore, the raised full-year guidance and the stock’s current valuation, which presents a discount compared to its peers, support the reiterated OUTPERFORM rating and the increased price target of $230, suggesting a 29% upside potential.
In another report released on November 1, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $207.00 price target.