Truist: 'Universal Technical Institute (UTI) remains our favorite name in the Education Services'
Truist Securities analyst Jasper Bibb reiterated a Buy rating and $40.00 price target on Universal Technical Institute (NYSE: UTI).
The analyst commented: "UTI remains our favorite name in the Education Services group after hosting West Coast investor meetings this week. We see the primary debate here as “what’s next?" after the YTD run (+48% vs. S&P down 4%) and limited prospects for NT EBITDA growth. Our take: while any FY26-27 EBITDA upside is at least partially reinvested, the stock can continue to work on start/enrollment beats and potential B2B partnership announcements. We see the FY28-29 EBITDA ramp as credible and continue to view UTI as the best enrollment trajectory in our Education coverage over the next 5-10 years."
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Shares of Universal Technical Institute closed at $36.86 yesterday.
