UPDATE: JPMorgan Starts Vasta Platform Ltd. (VSTA) at Neutral

JPMorgan analyst Marcelo Santos initiates coverage on Vasta Platform Ltd. (NASDAQ: VSTA) with a Neutral rating and a price target of $6.00.

The analyst comments "We believe Vasta’s growth numbers are well reflected in current valuations Vasta trades at 13x 2022E EV/EBITDA and 52x 2022E P/E, implying 17% EBITDA and 32% earnings CAGRs in 2022E. We find these less enticing than OW-rated Afya, a premium higher education name with strong and predictable earnings, which trades at a significant discount at 9x/14x, while delivering solid growth rates (16%/30%)."

For an analyst ratings summary and ratings history on Vasta Platform Ltd. click here. For more ratings news on Vasta Platform Ltd. click here.

Shares of Vasta Platform Ltd. closed at $6.10 yesterday.

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