These are top 10 stocks traded on the Robinhood UK platform in July
On Wednesday, Truist Securities expressed continued confidence in Huron Consulting Group (NASDAQ:HURN), maintaining a Buy stock rating and a $180.00 price target. The affirmation followed an investor day event in New York City, where Huron’s management presented their strategies and financial targets. With a market capitalization of $2.38 billion and an impressive 51.8% return over the past year, Huron has demonstrated strong momentum. According to InvestingPro data, the company maintains a "GREAT" financial health score, suggesting solid fundamentals.
During the event, Huron’s management outlined an ambitious goal for a 15% compound annual growth rate (CAGR) in earnings per share (EPS) over the next five years. Truist Securities analyst noted the company’s resilience due to its acyclical and counter-cyclical revenue streams, which make up 28% and 32% of revenue, respectively. This diversified revenue base is seen as a strength amid the current uncertain economic environment. The company’s current revenue growth of 9.11% and attractive PEG ratio of 0.21 suggest room for expansion. InvestingPro subscribers can access 10+ additional insights about Huron’s growth prospects and valuation metrics.
Truist’s analysis highlighted Huron’s potential to benefit from the growing financial pressures facing hospitals and universities, which are key markets for the consulting group. The firm anticipates that Huron will see significant growth in its digital offerings, which is expected to be a primary driver of the company’s performance in the coming years.
Moreover, the analyst suggested that the potential for Huron to leverage artificial intelligence (AI) in its services might be underappreciated by the market. This technological edge could provide additional growth opportunities for the company.
In summary, Truist Securities reiterated its Buy rating for Huron Consulting Group, emphasizing the company’s solid growth prospects and strategic positioning to navigate and capitalize on market challenges. The $180.00 price target remains unchanged, reflecting the firm’s positive outlook on Huron’s financial future. With analyst targets ranging from $150 to $180 and a strong consensus recommendation, the stock’s potential appears promising. Dive deeper into Huron’s comprehensive financial analysis with a InvestingPro subscription, which includes exclusive access to detailed Pro Research Reports covering 1,400+ top US stocks.
In other recent news, Huron Consulting Group reported record fourth-quarter 2024 financial results, with earnings per share (EPS) reaching $1.90, surpassing analyst estimates of $1.52. The company also achieved a revenue of $399.31 million, exceeding the consensus estimate of $379.99 million. For the full year 2024, Huron saw a 9.1% increase in revenues to $1.49 billion and a significant rise in net income to $116.6 million. In light of these results, Truist Securities and Benchmark both raised their price targets for Huron to $165, maintaining a Buy rating. Truist also increased its EPS estimate for 2026 to $8.28, reflecting confidence in Huron’s market position and potential growth. Additionally, Huron announced an expansion of its share repurchase program to $700 million, extending it until December 31, 2026. The company aims to enhance shareholder value through this initiative. Huron’s management plans to host an Investor Day on March 25, 2025, to discuss strategic and financial goals.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.