Financial PerformanceThe company's second-quarter financial results significantly topped expectations, prompting a raise in full-year guidance.
Investment RatingThe analyst reiterates an OUTPERFORM investment rating and raises the 12-month price target to $140.
Marketing StrategyOngoing improvements to the company’s marketing tactics are helping it capture a greater share of the growing demand for online schools post-pandemic, with robust enrollment growth and more efficient student acquisition driving very strong results.