Adtalem Global Education (ATGE), a leading provider of healthcare education, was named as the IBD Stock Of The Day on Tuesday. The company has been focusing on artificial intelligence to help train healthcare professionals and has partnered with Hippocratic AI to advance its educational programs.
In May, Adtalem’s Chief Customer Officer shared examples of its AI journey at the Google Cloud Next conference, highlighting its AI-powered digital human and collaboration with Alphabet’s (GOOGL) Google on an AI-powered tutor named “Julian”. The company aims to integrate nurses’ practical experience with advanced AI capabilities.
Adtalem’s earnings have rebounded, with a 39% gain over the past four quarters. Analysts project a 18% increase in earnings per share for the fiscal year ending in June 2025. Despite sparse analyst coverage, recent price targets were raised to $95 from $90 by Barrington analysts and BMO Capital.
The company’s stock has gained about 0.9% on Tuesday and advanced over 4% last week. ATGE’s relative strength line is near a record high, signaling the stock is outperforming the broader market. The stock has a robust composite rating of 95 and a relative strength rating of 92.
With nearly 10,000 employees and a network of institutions serving over 90,000 students, Adtalem has a community of about 350,000 alumni. The company’s AI push is expected to drive growth, making it a stock worth watching in the coming months.
Source: https://www.investors.com/research/ibd-stock-of-the-day/adtalem-ai-education-play-near-buy-point-stock-market