DeVry Education (ATGE) stock is soaring 6.56% in pre-market trading on Friday, following a positive analyst rating for its parent company, Adtalem Global Education. The significant uptick comes as investors react to Barrington Research's decision to maintain its Outperform rating on Adtalem Global Education.
Barrington Research's continued confidence in Adtalem Global Education appears to have sparked optimism among investors, driving up the stock price of its subsidiary, DeVry Education. Analyst ratings often serve as important indicators for investors, influencing their buying and selling decisions. In this case, the Outperform rating suggests that Barrington Research expects Adtalem Global Education to perform better than the market average, which is likely contributing to the positive sentiment surrounding DeVry Education.
DeVry Education, a part of Adtalem Global Education's portfolio, is a well-known provider of online and on-campus higher education programs. This pre-market surge may indicate that investors are optimistic about the future prospects of both DeVry Education and its parent company in the competitive education sector. As the market opens, it will be interesting to see if this upward momentum continues and how it might impact the broader education technology and services industry.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.