There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on BridgePoint Edu (BPI), Etsy Inc (ETSY) and Information Services Group (III) with bullish sentiments.
BridgePoint Edu (BPI)
In a report released today, Alexander Paris from Barrington maintained a Buy rating on BridgePoint Edu, with a price target of $15. The company’s shares closed yesterday at $6.22, close to its 52-week low of $5.31.
Paris commented:
“We view the shares as oversold and expect them to be trading at much higher levels a year from now. We have taken down our estimate for to reflect the preannouncement but will hold off on making changes to our 2019 and 2020 model until the company reports official results on Tuesday, March 12. It is reasonable to assume that, given the Q4 strength in its FTG program (which yields lower revenue per student), some revisions are likely necessary. Education, Inc. provides postsecondary education services. RockiesSM, it offers online programs such as contemporary college experience. Its services also include mobile and other learning platform for students.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 8.4% and a 51.3% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, Strategic Education Inc, and Grand Canyon Education.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BridgePoint Edu.
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Etsy Inc (ETSY)
Roth Capital analyst Darren Aftahi maintained a Buy rating on Etsy Inc yesterday and set a price target of $72. The company’s shares closed yesterday at $67.24, close to its 52-week high of $73.35.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.0% and a 54.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Etsy Inc with a $65.27 average price target, which is a -2.9% downside from current levels. In a report issued on February 26, Deutsche Bank also maintained a Buy rating on the stock with a $72 price target.
Information Services Group (III)
Barrington analyst Vincent Colicchio maintained a Buy rating on Information Services Group today and set a price target of $6. The company’s shares closed yesterday at $4.22.
Colicchio commented:
“We expect the company to report Q4/18 non-GAAP EPS of $0.11, which is less than the FactSet consensus of $0.12. Our forecast represents year-over-year growth of 118% and a sequential decline of 22%.”
According to TipRanks.com, Colicchio is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.1% and a 43.2% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.
Information Services Group has an analyst consensus of Moderate Buy, with a price target consensus of $5.25.
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