share_log

J.P. Morgan Maintains Bright Horizons Family Solutions(BFAM.US) With Buy Rating, Raises Target Price to $149

Moomoo News ·  Nov 6 07:31  · Ratings

J.P. Morgan analyst Andrew Steinerman maintains $Bright Horizons Family Solutions (BFAM.US)$ with a buy rating, and adjusts the target price from $137 to $149.

According to TipRanks data, the analyst has a success rate of 72.0% and a total average return of 12.5% over the past year.

AnalystRecentRatingAutoNews_201336_20241105_b5a9b66202dfe74aa0a178c7eb6ac005dadf4ec9_1730896227446202_mm_en

Furthermore, according to the comprehensive report, the opinions of $Bright Horizons Family Solutions (BFAM.US)$'s main analysts recently are as follows:

  • The firm has made adjustments to its financial forecasts for Bright Horizons following the third-quarter report. Although the guidance for the fiscal year's revenue remains generally steady at approximately $2.675 billion, there has been a slight increase in the expected adjusted earnings per share, now centering around $3.40. Consequently, the firm has also elevated its own projection for fiscal year 2024's adjusted EBITDA by 1%.

  • The firm reported mixed results for Bright Horizons, with the upside being attributed to the continued exceptional performance of Back-Up Care. Conversely, a slowdown has been observed in Full Service revenue versus same-center enrollment growth, and the guidance for 2024 Full Service revenue has been adjusted, now falling within the lower half of the previously provided range.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

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.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment