5 Stocks Getting a Huge Vote of Confidence From Wall Street Analysts

02. Strategic Education, Inc. (NASDAQ:STRA)

Price Reaction after the Upgrade: +2.21 (+3.04%)

On August 18, Bank of America (BofA) upgraded its rating for Strategic Education, Inc. (NASDAQ:STRA) from Neutral to Buy, citing expectations of a strong earnings report in the upcoming fall. BofA sees potential for increased sales and improved margins for Strategic Education, Inc. (NASDAQ:STRA), driven by post-COVID recovery, enhanced marketing strategies, and efficient cost management. BofA analyst Heather Balsky and her team find the current stock price attractive, particularly following a 25% decline since mid-April. This decline, despite enrollment exceeding projections and positive macroeconomic trends, offers an opportunity for investors. The recovery of Strategic Education, Inc. (NASDAQ:STRA) has been gradual due to challenges faced in new enrollments at Strayer in 2020-21, as well as impacts on its Australia business due to delays in visa processing for international students. Balsky’s EPS estimates for 2023 and 2024 are notably higher than the market consensus.