IDP Education Sees Recent IELTS Slowdown But Still Up 'Strongly' Year-on-Year, Says Jefferies, Shares Up 4%
MT Newswires Live
Dec 16, 2025
IDP Education (ASX:IEL) saw an International English Language Testing System (IELTS) slowdown in November, but fiscal year 2026 to date growth remains strong, according to a Monday Jefferies note.
Traffic to English-language testing websites tracked by Similarweb declined 0.4% year-on-year in November, compared with a 3% decline in October.
IELTS website traffic grew 8% year on year in November, implying about 15% year on year growth for fiscal 2026 to date, compared to a consensus estimate of a 9% year on year decline for the first half of fiscal 2026.
Jefferies kept a buy rating on IDP Education with a price target of AU$7.90.
The company's shares rose 4% in recent Tuesday trade.
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