Stephen Sheldon, an analyst from William Blair, has initiated a new Buy rating on McGraw Hill, Inc. (MH).
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Stephen Sheldon’s rating is based on McGraw Hill’s strong position as a trusted provider in the education sector, with a significant market share in K–12 and higher education, and a growing presence in professional education. The company has transitioned to a digital-first model, which now accounts for a substantial portion of its revenue, providing a stable and predictable growth outlook.
McGraw Hill’s commitment to innovation, evidenced by its significant investment in research and development, supports its potential for continued market share gains. The introduction of new products like Evergreen, Scribe, Sharpen, and MH Plus highlights its innovative approach. Additionally, the company has numerous growth opportunities, such as expanding its presence in K–12 and higher education, and increasing its footprint in the global professional education market, particularly in medical solutions.
In another report released today, BMO Capital also initiated coverage with a Buy rating on the stock with a $24.00 price target.