KinderCare valued at about $3.1 bln as shares jump in NYSE debut
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2024
0mins
Source: Reuters
Market Debut: KinderCare Learning Companies' shares surged 12.5% above their initial public offering price during their market debut, indicating strong investor interest.
Valuation: The early childhood education provider, backed by Partners Group, achieved a market valuation of approximately $3.1 billion following its IPO.
Analyst Views on KLC
Wall Street analysts forecast KLC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KLC is 5.75 USD with a low forecast of 4.50 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
5 Hold
0 Sell
Hold
Current: 4.420
Low
4.50
Averages
5.75
High
6.00
Current: 4.420
Low
4.50
Averages
5.75
High
6.00
About KLC
KinderCare Learning Companies, Inc. is a private provider of early childhood and school-age education and care. The Company serves children ranging from six weeks to 12 years of age across its footprint of over 1,500 early childhood education centers with capacity for over 200,000 children and approximately 1,000 before- and after-school sites located in 40 states and the District of Columbia. Its services include infant, toddler, preschool, kindergarten, and before- and after-school programs. The Company provides childhood education and care programs through community-based and employer-sponsored early childhood education and care and before- and after-school educational services categories. It provides early childhood education and care services, as well as back-up care, primarily marketed under the names KinderCare Learning Centers and Creme School. It provides before- and after-school educational services for preschool and school-age children under the name Champions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
