Barrington raised the firm’s price target on Grand Canyon to $130 from $110 and keeps an Outperform rating on the shares after the company reported Q4 revenue and earnings above the firm’s estimates and gave initial 2023 guidance above consensus. The firm cites a valuation discount to its Ed Tech peer group, combined with accelerating revenue and earnings and the recent inflection in new online student enrollment growth, for its positive view.
Published first on TheFly
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Read More on LOPE:
- Grand Canyon sees FY23 EPS $5.90-$6.47, consensus $5.83
- Grand Canyon sees Q1 EPS $1.9-$1.93, consensus $89
- Grand Canyon reports Q4 non-GAAP EPS $2.36, consensus $2.24
- GRAND CANYON EDUCATION, INC. REPORTS FOURTH QUARTER 2022 RESULTS
- Why Grand Canyon Education Stock (NASDAQ:LOPE) Could be a Surprise Hit
