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Investing.com - Truist Securities has reiterated its Buy rating and $40.00 price target on Universal Technical Institute (NYSE:UTI), citing strong demand across the company’s educational platforms. The stock, currently trading at $31.19, has demonstrated remarkable momentum with an 89.77% return over the past year, according to InvestingPro data.
The research firm recently hosted UTI CEO Jerome Grant and CFO Bruce Schuman for a series of investor meetings in the Midwest. Truist identified several key takeaways from these discussions, including anticipated strong demand across both UTI and Concorde divisions. This optimistic outlook is supported by the company’s solid financial performance, with revenue growing at 14.56% and maintaining a GREAT overall financial health score, as reported by InvestingPro.
Truist believes the fiscal year 2026 expense build is well understood by investors, even though Wall Street estimates may need slight downward revisions. The firm also noted that UTI’s co-branded campus with Heartland Dental could serve as a template for future agreements with employers or traditional university brands.
The research note highlighted that the company’s growth prospects are underpinned by the ongoing shortage of skilled trade workers in the labor market. This structural factor continues to drive enrollment demand for UTI’s technical education programs.
Truist maintains that Universal Technical Institute has "the best growth story in the Education group," positioning the company as an attractive growth-at-reasonable-price (GARP) investment opportunity. With a market capitalization of $1.7 billion and a P/E ratio of 27.49x, the stock currently appears overvalued according to InvestingPro’s Fair Value model. Subscribers can access 8 additional ProTips and a comprehensive analysis report for deeper insights into UTI’s investment potential.
In other recent news, Universal Technical Institute reported its third-quarter 2025 earnings, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $0.19, surpassing the forecasted $0.11. Revenue also exceeded projections, totaling $204.3 million against the anticipated $200.01 million. Despite the positive earnings results, Truist Securities reiterated its Buy rating on Universal Technical Institute, maintaining a price target of $40.00. This decision comes even as the shares faced some pressure following the earnings announcement. Truist Securities’ reaffirmation indicates continued confidence in the company’s performance. The positive earnings surprise suggests a strong quarter for the education provider, with EBITDA also surpassing expectations. These developments reflect a period of significant financial performance for Universal Technical Institute.
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