
Perdoceo Education (PRDO) Stock Forecast & Price Target
Perdoceo Education (PRDO) Analyst Ratings
Bulls say
Perdoceo Education Corp has demonstrated significant growth, with total student enrollment at Colorado Technical University increasing by 28.5%, reflecting a strong demand for online education. The company's revenue from the Colorado Technical University segment rose by 23.6% to $120.6 million, bolstered by a redesigned academic calendar and strategic acquisitions like Coding Dojo. Additionally, free cash flow surged nearly 20-fold to $53.3 million, indicating robust operational efficiency and financial health amidst ongoing investments in educational initiatives.
Bears say
Perdoceo Education experienced a significant decline in revenue, with a 14.0% decrease in the first quarter to $168.3 million, mainly attributed to lower student enrollments and changes in the academic calendar at Colorado Technical University. The American InterContinental University System also reported a sharp revenue drop of 23.1%, indicating troubling trends in both enrollment and overall financial performance that negatively influence prospects. Additionally, total student enrollment fell by 12.7%, suggesting a continued downward trajectory that may hinder future revenue growth despite some organic improvements in student retention and engagement.
This aggregate rating is based on analysts' research of Perdoceo Education and is not a guaranteed prediction by Public.com or investment advice.
Perdoceo Education (PRDO) Analyst Forecast & Price Prediction
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