Kevin Steinke, an analyst from Barrington, reiterated the Buy rating on Huron Consulting (HURN – Research Report). The associated price target is $167.00.
Kevin Steinke has given his Buy rating due to a combination of factors including Huron Consulting’s strong financial performance in the fourth quarter of 2024, where revenue before reimbursements increased significantly, surpassing both the firm’s and market expectations. The Healthcare segment, which constitutes a major portion of the revenue, showed robust growth driven by widespread demand across various service offerings. Additionally, the Education segment also demonstrated impressive growth, supported by strategic acquisitions and organic expansion.
Moreover, Huron’s adjusted EBITDA and EPS for the quarter exceeded expectations, indicating strong operational efficiency and profitability. The company’s strategic focus on returning capital to shareholders through share repurchases further enhanced EPS growth. These positive financial metrics, along with favorable guidance for 2025, underpin Steinke’s confidence in Huron’s ability to deliver sustainable growth, justifying the Buy rating and the increased price target of $167.
In another report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $165.00 price target.