Strategic Education price target raised to $110 from $85 at Barrington

Barrington analyst Alexander Paris raised the firm’s price target on Strategic Education to $110 from $85 and keeps an Outperform rating on the shares. The company’s Q4 missed estimates but the initial 2023 guidance calls for a return to growth and expanding profitability, the analyst tells investors in a research note. The firm raised the target to reflect the prospect of accelerating growth and expanding profitability going forward.