Truist Securities reiterates buy rating on Huron Consulting stock at $180

Investing.com - Truist Securities has reiterated its Buy rating on Huron Consulting Group (NASDAQ:HURN) with a price target of $180.00. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.18, with strong profitability and growth metrics.

The firm remains confident in Huron’s prospects despite the stock’s 7% decline over the past six months, which has underperformed compared to the S&P 500’s 10% gain during the same period.

Truist believes investor concerns about customer distress potentially pressuring near-term demand are misplaced, suggesting instead that financial strain in Healthcare and Education sectors could actually accelerate revenue growth rather than just expanding the company’s pipeline.

The research note highlighted encouraging signs including increasing project sizes and new cross-selling opportunities following recent investor meetings with Huron’s CEO Mark Hussey and CFO John Kelly.

Truist’s $180 price target is based on a 13.5x EV/EBITDA multiple applied to the firm’s 2026 estimates, with the analyst recommending GARP (Growth at Reasonable Price) investors accumulate shares at current levels.

In other recent news, Huron Consulting Group Inc. reported its second-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.89, compared to the projected $1.79. The company also exceeded revenue forecasts, posting $411.76 million against the expected $402.65 million. Additionally, Huron has been actively expanding through acquisitions. The company announced the acquisition of Wilson Perumal & Company, a strategy and operations consulting firm, which will enhance Huron’s commercial consulting capabilities. This acquisition adds approximately 30 team members to Huron and broadens its reach across various sectors, including industrials and consumer products. Furthermore, Huron acquired Treliant, LLC, a financial services advisory firm, to bolster its offerings in regulatory and risk management. This move aims to expand Huron’s expertise in areas such as financial crimes and data analytics. These developments reflect Huron’s strategic efforts to strengthen its market position and service capabilities.

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