In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Lincoln Edu, with a price target of $25.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Alexander Paris has given his Buy rating due to a combination of factors including Lincoln Educational Services Corporation’s strong financial performance and strategic outlook. The company reported a significant increase in revenue and adjusted EBITDA for the second quarter, surpassing market expectations. Despite a temporary decline in new student starts, which was anticipated, the company has adjusted its full-year guidance upwards, indicating confidence in future growth.
Furthermore, Lincoln Edu’s stock is trading at a discount compared to its peers, offering a potential upside. The management’s decision to raise full-year revenue and net income forecasts reflects a positive trend and robust operational performance. These factors contribute to Alexander Paris’s confidence in the company’s ability to outperform, justifying the Buy rating and a price target of $25, suggesting a potential 19% upside from current levels.
In another report released on September 18, Northland Securities also maintained a Buy rating on the stock with a $26.00 price target.