Truist Financial Reiterates Buy Rating on Strategic Education Without Giving a Price Target

Strategic Education, Inc. (NASDAQ:STRA) is one of the 14 Best Small Cap Stocks to Buy Right Now. On September 4, Truist Financial reiterated its Buy rating on Strategic Education, Inc. (NASDAQ:STRA), without giving a price target to the stock.

Jasper Bibb is observing the firm before setting a price target as Truist is set to meet with the management and explore the company’s future strategies scheduled on September 9.

Bibb remains cautious due to Strategic Education’s Q2 FY2025 student enrollment within USHE declining by 0.8% to 86,339 compared to 87,077 from a year ago. Whereas, the student enrollment within ANZ dropped 3.1% to 18,524 compared to 19,113 year-over-year. However, the company is experiencing strong growth at Sophia Learning, where the average total subscribers increased nearly 40% from a year ago, while Sophia Learning revenue soared 39.8% to $16.4 million. These mixed results led to a revenue of $321.5 million, up 2.9% from a year ago and slightly missing consensus. The adjusted earnings per share of $1.52 were ahead of the estimates of $1.43.

As of September 5, Strategic Education, Inc.’s (NASDAQ:STRA) average price target of $105, based on analysts’ estimates, implies an upside of nearly 28.11% from current levels.

Strategic Education, Inc. (NASDAQ:STRA) offers education services via campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through three segments, including the U.S. Higher Education (USHE), Australia/New Zealand (ANZ), and Education Technology Services.

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Disclosure: None. This article is originally published at Insider Monkey.