Aspen Group Inc (ASPU) Gets a Buy Rating from Roth Capital

By Carrie Williams

In a report released yesterday, Darren Aftahi from Roth Capital maintained a Buy rating on Aspen Group Inc (ASPUResearch Report), with a price target of $9.50. The company’s shares closed yesterday at $5.77.

Aftahi said:

“We believe 4Q (seasonally strongest) could facilitate this process and look for improving sequential revenue, but also operating leverage, which should manifest further in FY20 with the incremental ramp of USU and its pre- licensure program (with LTV’s multiples that of Aspen core). On the margin, 4Q could be an inflection point for growth/leverage. We think the next step for ASPU, now with a more stabilized financial position and appropriately set estimates, is for it to print a string of good quarters, showing the street its revenue and earning potential, now that it has solidified its balance sheet and investor expectations. Given 4Q is ASPU’s seasonally strongest quarter, we are optimistic it could be the beginning of the turning point for both revenue/profits, as well as its stock.”

According to, Aftahi is a 5-star analyst with an average return of 13.3% and a 55.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Aspen Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $9.50.

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Aspen Group, Inc. is a holding company, which engages in the provision of education. It operates through its subsidiary Aspen University and United States University.