Goldman Sachs Reaffirms Their Buy Rating on Pearson (PSON)
Goldman Sachs analyst James Tate CFA maintained a Buy rating on Pearson today and set a price target of p1,300.00.
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Tate CFA covers the Communication Services sector, focusing on stocks such as Informa, Pearson, and Stroeer SE & Co. KGaA. According to TipRanks, Tate CFA has an average return of 6.3% and a 44.00% success rate on recommended stocks.
In addition to Goldman Sachs, Pearson also received a Buy from UBS’s Joseph Barnet-Lamb in a report issued today. However, yesterday, Bank of America Securities maintained a Hold rating on Pearson (LSE: PSON).
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 30 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.
Read More on GB:PSON:
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- Pearson: Steady Execution and Balanced Risk/Reward Justify Maintaining Hold Rating
- Pearson: Solid Near-Term Outlook but Limited Upside Leaves Shares Fairly Valued at Hold
- Pearson Delivers 2025 Growth in Line With Guidance as AI and Enterprise Deals Drive Momentum
- Pearson price target lowered to 1,420 GBp from 1,440 GBp at JPMorgan
- Pearson initiated with a Buy at Citi
