STRA - Election Impact: Analyst Eyes Potential Upside for Strategic Education with Republican Victory | Benzinga
Truist Securities analyst Jasper Bibb upgraded the shares of Strategic Education Inc (NASDAQ:STRA) from Hold to Buy and raised the price target from $110 to $125.
The analyst is encouraged by the strong backdrop for enrollment growth in U.S. working adult education and a high fixed cost model which should reap outsized margin benefits from growing enrollments.
The analyst anticipates upside estimate revisions over the balance of 2024 with a potential multiple expansion catalyst if Republicans retake the White House in November.
The analyst views 2024 outlook as conservative and could see 6% – 12% upside to 2024 ...