Perdoceo Education price target raised to $23 from $21 at Barrington

Barrington raised the firm’s price target on Perdoceo Education to $23 from $21 and keeps an Outperform rating on the shares after Q3 results topped expectations and guidance was raised. The firm views the company’s recent acquisitions of DigitalCrafts, Hippo Education, CalSouthern and Coding Dojo “favorably,” arguing that they extend the breadth of Perdoceo’s offerings while diversifying revenue away from Federal Title IV funding, the analyst tells investors.