5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts

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01. Adtalem Global Education Inc. (NYSE:ATGE)

Price Reaction after the Upgrade: +6.83 (+15.83%)

On October 27, Baird analyst Jeffrey P. Meuler catalyzed a significant shift in the market sentiment for Adtalem Global Education Inc. (NYSE:ATGE) by upgrading its rating from Neutral to Outperform. This strategic reevaluation was accompanied by an upward revision in the price target, escalating from $47.00 to $55.00. The upgrade was motivated by the anticipation of accelerating growth and improving operating metrics within Adtalem Global Education. As of the latest market data, Adtalem Global Education Inc. (NYSE:ATGE) stock is currently valued at $49.98, reflecting a notable increase of 15.8%. This substantial uptick in market value following the upgrade suggests a positive response from investors to the improved rating and the elevated price target set by Baird.

Ariel Fund made the following comment about Adtalem Global Education Inc. (NYSE:ATGE) in its Q2 2023 investor letter:

“Finally, global leader in for-profit education, Adtalem Global Education Inc. (NYSE:ATGE), traded lower alongside the release of the Biden Administration’s proposal for Gainful-Employment regulations, however management does not expect the new rules to be problematic. Shares came under further pressure following an investor day where ATGE lowered its financial outlook for 2024 on plans to increase its marketing spend to improve brand awareness and invest in the student experience to enhance growth and retention. Although investors remain skeptical of the near-term backdrop, we believe ATGE is on the path to be number one in undergrad and graduate nursing enrollment in the U.S. and the largest producer of African American MDs, PhDs and nurses in the country.”

You can also take a look at 12 Best European ETFs to Buy and 12 Best Streaming and TV Stocks To Buy Now.

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