DA Davidson analyst Tom White keeps a Buy rating and $64 price target on American Public Education while also adding the stock to the firm's "Best-of-Breed Bison List" seeking out companies with outstanding business opportunity, enduring moat, exceptional financials, and compelling risk-reward. The firm sees little to stop the company from delivering improving GAAP financial performance, driven by stable revenue and margins in its Military+ segment and the recent recovery and inflection in Rasmussen, which should drive further growth and margin expansion, the analyst tells investors in a research note.
