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.
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:
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