Adtalem Global Education (ATGE) PT Raised to $115 at BMO Following 'Another Beat and Raise'

BMO Capital analyst Jeffrey Silber raised the price target on Adtalem Global Education (NYSE: ATGE) to $115.00 (from $108.00) while maintaining an Outperform rating.

The analyst commented: "Another Beat and Raise; Increasing Estimates/Target; ATGE beat expectations again on both the top- and bottom-line. Enrollment growth accelerated once again, mostly driven by Chamberlain where management cited marketing efficiencies. Adjusted EBITDA margins rose +440bp y/y, though marketing was flattish (y/y) at Chamberlain given enhanced spending in F1Q25. FY2025 revenue guidance was raised roughly 2%, while adjusted EPS guidance was raised roughly 6% with "greater than 100 bps" adjusted EBITDA margin expansion expected. We once again raise our estimates/target (to $115)."

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