Stock Track | IDP Education Plummets 5.08% Intraday After Jefferies Slashes Price Target on Softer Student Placement Outlook

Stock Track
Jun 22

IDP Education Ltd's stock plummeted 5.08% during intraday trading on Monday, extending its significant decline for the year.

The sharp drop followed a substantial price target cut by Jefferies, which lowered its target to A$3.30 from A$7.80 while maintaining a "buy" rating. The brokerage cited weaker growth visibility in student placement markets, a key segment for the education services provider, despite the company's resilient earnings and newly announced share buyback.

Jefferies noted that near-term weakness remains concentrated in the student placement segment, which continues to be affected by softer market sentiment. While the company's IELTS English language testing business should remain relatively insulated from broader student placement trends, visibility on the placement market beyond FY26 remains limited.

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