Perdoceo Education Corporation's stock soared 5.04% during intraday trading on Friday, reflecting strong investor confidence in the company's performance.

The surge follows the company's quarterly earnings report showing adjusted earnings of 59 cents per share, beating analyst estimates of 54 cents per share. Revenue also exceeded expectations, rising 20% year-over-year to $211.64 million compared to the $210.00 million forecast.

Analysts maintain a "strong buy" rating on the stock with a median 12-month price target of $42.00, representing approximately 24.9% upside from its previous closing price, indicating continued positive sentiment toward the company's growth prospects.