Jack Slevin, an analyst from Jefferies, has initiated a new Buy rating on Adtalem Global Education (ATGE).
Jack Slevin has given his Buy rating due to a combination of factors that highlight Adtalem Global Education’s potential for growth. The company is positioned as a leading player in the healthcare education sector, which is experiencing a structural workforce shortage. This shortage is expected to drive a sustainable market growth rate of mid to high single digits, making Adtalem an attractive investment opportunity.
Additionally, Adtalem’s strong free cash flow and buyback profile, along with its conservative guidance for the second half of the fiscal year, present a favorable near-term setup. The company’s valuation remains discounted compared to its peers and growth profile, offering significant upside potential. Furthermore, Adtalem’s strategic focus on healthcare and its impressive earnings execution record underscore its capability to achieve low to mid-teens EPS growth in the coming years.
In another report released on April 15, Barrington also reiterated a Buy rating on the stock with a $120.00 price target.