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IDP Education Remains Earnings-Resilient Amid Continued Weak Demand, Says Jefferies

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IDP Education (ASX:IEL) continues to face weak demand, with Australian offshore higher education visa grants in fiscal 2026 remaining below both Jefferies and market expectations, according to a June 26 Jefferies note.

Based on year-to-date trends, supportive policy measures introduced at the start of fiscal 2026 are unlikely to deliver the expected benefits, Jefferies added.

The note added that market expectations for student placements, particularly for fiscal 2027, already appear relatively low while the company remains resilient from an earnings perspective.

Jefferies kept a buy rating on IDP Education with a price target of AU$3.30.

The company's shares rose 7% in recent Monday trade.

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IDP Education Remains Earnings-Resilient Amid Continued Weak Demand, Says Jefferies | FINWIRES