Lake Street raised the firm’s price target on American Public Education (APEI) to $40 from $38 and keeps a Buy rating on the shares after the company revealed its plan to potentially reach $1.0B in revenue and about $200M of AEBITDA by 2029 at its investor day. The firm believes the stock continues to suffer from a period of underperformance in the company’s Rasmussen nursing school, but calls American Public Education “one of the best kept secrets in higher education.”
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