B.Riley raises Universal Technical Institute target to $31

Published 28/03/2025, 10:40
B.Riley raises Universal Technical Institute target to $31

On Friday, B.Riley analysts initiated coverage on shares of Universal Technical Institute (NYSE:UTI) with a Buy rating and set a price target of $31.00, adding to the strongly bullish analyst consensus. Currently trading at $26.50, UTI has demonstrated remarkable momentum with a 66% return over the past year. According to InvestingPro analysis, the company maintains a GREAT financial health score, though current valuations suggest the stock may be trading above its Fair Value.

The analysts noted that after reviewing the first quarter 2025 (December) earnings report released on February 5, they are increasing their full-year 2025 revenue and EBITDA estimates from $809 million and $122 million to $815 million and $123 million, respectively. These figures align with the company’s updated guidance, which anticipates revenues between $810 million and $820 million, and EBITDA in the range of $122 million to $126 million. The company has already demonstrated strong execution with a 14.7% revenue growth in the last twelve months, generating EBITDA of $102.72M.

The upward revision comes after considering the company’s expectations for increased student enrollments, with projections of 28,500 to 29,500 new starts for the year. This outlook is based on management’s confidence and strategic initiatives.

In addition to the fiscal year 2025 estimates, B.Riley has also introduced projections for fiscal year 2026. The analysts expect Universal Technical Institute to generate revenue of $887 million and EBITDA of $141 million, reflecting a 16.0% EBITDA margin. This forecast is part of the company’s ongoing efforts to achieve its North Star Strategy goals, which aim for a compound annual growth rate (CAGR) of 10% in revenue through 2029 and an expansion of the EBITDA margin to 20% within the same timeframe.

Universal Technical Institute’s stock is anticipated to benefit from the company’s strategic growth plans and operational execution as it progresses through the second phase of its North Star Strategy. With a market capitalization of $1.44 billion and strong financial metrics, UTI presents an interesting case for investors. For deeper insights into UTI’s valuation and growth potential, InvestingPro subscribers can access comprehensive analysis, including 8 additional ProTips and detailed financial metrics in the Pro Research Report.

In other recent news, Universal Technical Institute reported positive financial results for the first quarter of fiscal 2025, showing improvements in revenue, Adjusted EBITDA, and new student starts compared to the previous year. The company also increased its fiscal year guidance ranges, reflecting strong performance. In a strategic move, Universal Technical Institute appointed Bruce Schuman as its new Chief Financial Officer, with expectations for him to bolster the company’s growth under its North Star strategy. Meanwhile, shareholders re-elected four Class III directors and ratified Deloitte & Touche LLP as the independent auditor, indicating strong shareholder support for current governance.

Rosenblatt Securities recently raised its price target for Universal Technical Institute to $36, maintaining a Buy rating due to UTI’s impressive performance and strategic initiatives. The firm highlighted UTI’s corporate partnerships and successful student outcomes as key factors in its revised estimates. Additionally, Universal Technical Institute announced the expansion of its Manufacturer Specific Advanced Training offerings with the inclusion of Tesla (NASDAQ:TSLA)’s START Collision Repair program at its Long Beach campus. This exclusive partnership with Tesla underscores UTI’s commitment to innovation and preparing students for careers in the evolving automotive industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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