In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Aspen Group Inc (Other OTC: ASPU), with a price target of $12.25. The company’s shares closed yesterday at $7.19.
Aftahi said:
“We recently hosted investor meetings with ASPU’s CEO Michael Mathews. We reiterate our view that ASPU is a highly attractive growth business with: 1) multiple growth catalysts, 2) increasing recurring revenue, 3) strong and improving gross margins, 4) differentiated technology, 5) attractive LTV/CAC unit economics, and 6) a highly disruptive business model. As new initiatives mature, its profitability should ramp faster than its core Aspen U. business did, given its more attractive unit economics in those businesses. High degree of visibility in business as Monthly Payment Plan (MPP) participation continues to increase. One of the more overlooked aspects of ASPU’s business model is its increasing component of recurring monthly revenue.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.3% and a 56.4% 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 Aspen Group Inc with a $11.13 average price target.
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Aspen Group, Inc. is a holding company, which engages in the provision of education. It operates through its subsidiary Aspen University and United States University.
