Morgan Stanley raised the firm’s price target on Bright Horizons (BFAM) to $106 from $100 and keeps an Underweight rating on the shares. Strong margins drove the Q1 beat, but lighter enrollment trends offset, leading to a reiteration of the fiscal year guidance excluding a slight benefit from foreign exchange, notes the analyst. Following the report, the firm raised if FY25 and FY26 adjusted EBITDA estimates by 2% and 1%, respectively.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BFAM:
- Bright Horizons: Strong Financial Performance and Strategic Positioning Earns Buy Rating
- Bright Horizons Reports Strong Q1 2025 Results
- Bright Horizons affirms FY25 EPS view of $3.95-$4.15, consensus $4.06
- Bright Horizons reports Q1 EPS 66c, consensus 64c
- BFAM Earnings this Week: How Will it Perform?