Adtalem Global Education (ATGE) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Adtalem Global Education faces a palpable threat from short selling strategies that aim to profit from a drop in its stock price. Short sellers, who borrow shares with the intent to repurchase them after driving down their value, may also disseminate negative views to catalyze a market selloff. The release of a short seller report on January 30, 2024, has already negatively impacted Adtalem’s share price and could lead to further distractions for management and the board, potential legal challenges, and regulatory scrutiny, all of which pose significant risks to the company’s operational performance and financial health.
The average ATGE stock price target is $65.00, implying 28.76% upside potential.
To learn more about Adtalem Global Education’s risk factors, click here.
