Global spending on education will be worth $8 trillion by 2030, Morgan Stanley says, highlighting opportunities 'just beginning to be enabled by technology.'
Global spending on education will be worth $8 trillion by 2030, Morgan Stanley predicts, saying there are opportunities in the market that are "just beginning to be enabled by technology." That is up from $6 trillion as of 2022, which represented 5.9% of the world's gross domestic product, according to the investment bank.
Morgan Stanley noted the firm, which is also a Brazilian player, is committed to being accessible and affordable to lower-income groups. "YDUQS has focused on its digital transformation efforts to attract a growing demand from consumers. Additionally, we think the company is well-run, with exposure to the main segments and was able to navigate through the pandemic relatively well," the analysts wrote. The bank gave the stock a price target of 13.50 Brazilian Real , implying 57% upside.
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