On Friday, Deutsche Bank (ETR:DBKGn) made a slight adjustment to its outlook on Pearson PLC (LON:PSON:LN) (NYSE: PSO), a global education company. The firm's analyst increased the price target to GBP10.52, up from the previous GBP10.50, while maintaining a Hold rating on the stock.
The adjustment comes ahead of Pearson's half-year 2024 results, which are scheduled to be announced on July 29. During this forthcoming strategic update, Pearson's CEO Omar Abbosh is expected to present his new plan for the company's growth and strategic direction. The market is currently said to have modest expectations, with some uncertainty regarding the extent of the investment required to achieve the company's strategic goals.
The analyst anticipates that the update will provide more information on two key areas of interest. First, there is potential for Pearson to expand into the adjacent corporate training market. Second, details are expected on the company's plans for generative AI, an emerging technology that could have significant implications for the education sector.
Pearson's strategic direction under CEO Omar Abbosh is of particular interest to investors and industry observers. The company has been navigating a rapidly changing educational landscape, and the upcoming strategic update is seen as a pivotal moment for Pearson to articulate its future path.
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