
LOPE Stock Forecast & Price Target
LOPE Analyst Ratings
Bulls say
Grand Canyon Education Inc. has demonstrated a positive trajectory with a 7.0% year-over-year increase in total enrollment at Grand Canyon University, reaching 102,676 students, driven by robust summer enrollment growth of approximately 30%. The company's revenue-generating activities continue to strengthen, reflected in a notable 18.7% increase in free cash flow to $165.6 million and a 20.5% rise in operating income to $42.7 million, marking a significant improvement in margins despite some operational challenges. With new enrollments projected to grow in the mid- to high-single digits for the upcoming fall semester, Grand Canyon Education shows sustained momentum and resilience in its business model.
Bears say
Grand Canyon Education Inc. is facing several challenges that contribute to a negative outlook, notably a projected 10% decrease in earnings per share (EPS) estimates and continued weakness in online enrollments due to intensified competition stemming from the pandemic. The company's revenue growth is forecasted to slow, with a year-over-year increase of only 7.2% expected in 2024, and new student enrollment is projected to remain flat, adversely affected by delays in the FAFSA process. Additionally, the Q4/24 revenue guidance has been revised downwards compared to previous estimates, indicating potential operational and financial headwinds moving forward.
This aggregate rating is based on analysts' research of Grand Canyon Education and is not a guaranteed prediction by Public.com or investment advice.
LOPE Analyst Forecast & Price Prediction
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