In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Grand Canyon Education (NASDAQ: LOPE), with a price target of $135. The company’s shares opened today at $114.51.
Paris wrote:
“We believe this deal will be beneficial to long-term shareholders as it de-risks LOPE as an investment (as LOPE no longer owns a regulated postsecondary education institution) and positions the new LOPE to trade more in line with other education technology providers.”
According to TipRanks.com, Paris is a 5-star analyst with an average return of 15.0% and a 57.4% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.
Grand Canyon Education has an analyst consensus of Strong Buy, with a price target consensus of $133.50, representing a 16.6% upside. In a report issued on August 8, BMO Capital also reiterated a Buy rating on the stock with a $130 price target.
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The company has a one-year high of $122.19 and a one-year low of $77.78. Currently, Grand Canyon Education has an average volume of 434.2K.
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Grand Canyon Education, Inc. engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.
