UBS analyst Joshua Chan maintains $Bright Horizons Family Solutions (BFAM.US)$ with a hold rating, and adjusts the target price from $145 to $148.
According to TipRanks data, the analyst has a success rate of 76.7% and a total average return of 13.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bright Horizons Family Solutions (BFAM.US)$'s main analysts recently are as follows:
The guidance for Bright Horizons' fiscal year revenue remains around $2.675 billion, with a slight increase in the projected adjusted EPS to approximately $3.40. Following the Q3 report, the adjusted EBITDA estimate for FY24 has been modestly raised by about 1%.
Bright Horizons' reported results were a mixed bag, yet the highlight was the sustained exemplary performance of its Back-Up Care services. On the other hand, there is a noticeable deceleration in Full Service revenue compared to the pace of same-center enrollment growth. Moreover, the forecast for 2024 Full Service revenue has been adjusted to focus on the lower end of the previously projected spectrum.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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