The Canada fiscal 2026 year-to-date study permit holders remain weak, declining 25% year-over-year, and its alignment with IDP Education's (ASX:IEL) Canada volume has weakened since the first fiscal half, as the broader market data captures more than just higher education, Jefferies said in a note on May 29.
The fiscal 2026 year-to-date to March study applications declined 51% year-over-year, with an improvement in March. While the applications data spans all study levels, the post-secondary level remains the largest component.
The investment firm has a buy rating and a AU$7.80 per share price target on IDP Education.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.