Perdoceo Education price target raised to $19 from $16 at Barrington

Barrington analyst Alexander Paris raised the firm’s price target on Perdoceo Education to $19 from $16 and keeps an Outperform rating on the shares after the company’s Q4 results topped expectations and initial guidance for Q1 and 2023 was above the firm’s estimates. The recent acquisitions of DigitalCrafts, Hippo Education, CalSouthern and Coding Dojo extend the breadth and depth of Perdoceo’s academic offerings, while diversifying revenue, the analyst tells investors.