Goldman Sachs Reaffirms Their Buy Rating on Pearson (PSON)

Goldman Sachs analyst James Tate CFA reiterated a Buy rating on Pearson today and set a price target of p1,495.00. The company’s shares closed yesterday at p1,094.50.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Tate CFA is a 3-star analyst with an average return of 14.7% and a 60.00% success rate.

Currently, the analyst consensus on Pearson is a Hold with an average price target of p1,247.50, which is a 13.98% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a p1,330.00 price target.

Based on Pearson’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p1.72 billion and a net profit of p164 million. In comparison, last year the company earned a revenue of p1.75 billion and had a net profit of p157 million

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PSON in relation to earlier this year.