Highlights

  • Consensus rating of Hold from 11 analysts: 3 Buy or equivalent, 7 Hold, 1 Sell or equivalent.
  • Mean price target of A$2.47 against a share price of A$2.10 on 8 October 2026, an implied upside of 17.7%.
  • Analyst targets range from A$1.75 to A$4.80.
  • Revenue was $795.4 million, down 9%, as lower volumes were partly offset by higher yield: Yield rose 11% in Student Placement and 7% in Language Testing.

IDP Education (ASX:IEL) carries a consensus analyst rating of Hold. Of the 11 analyst recommendations recorded, 3 are Buy or equivalent, 7 are Hold and 1 is Sell or equivalent. The mean price target is A$2.47, with targets ranging from A$1.75 to A$4.80, against a current share price of A$2.10 (8 October 2026). IDP Education Limited is an international student placement and English language testing provider, with IELTS, student placement and language teaching businesses.

Company name

IDP Education

Ticker

(ASX:IEL)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$2.10

Price date

8 October 2026

Number of analysts

11

Rating consensus

Hold

Consensus price target (mean)

A$2.47

Highest target

A$4.80

Lowest target

A$1.75

Implied upside/downside to mean target

Implied upside of 17.7%

Latest developments

IDP Education (ASX:IEL) announced its FY26 results and a transformation update on 20 August 2026. Revenue was $795.4 million, down 9%, as lower volumes were partly offset by higher yield: yield rose 11% in Student Placement and 7% in Language Testing. Student Placement volumes fell 27%, Language Testing volumes fell 8% and Language Teaching volumes rose 1%.

Direct costs fell 8% and adjusted overhead costs fell 11%, delivering a $32 million net reduction in the overhead cost base, ahead of the $25 million target. Adjusted EBIT was $122.9 million, down 7%, within the $120 million to $130 million range provided at the half-year. Cash conversion was 139%.

The final Dividend is 6 cents per share, unfranked, taking full-year declared dividends to 9 cents per share, partly franked. The final dividend will be paid on 24 September 2026. The company said it maintained student NPS above 70, added more than 1,000 partners with 32 new institutions and recorded visa approval rates 7 percentage points above market.

Sector context

The company says policy settings continued to reduce global student mobility in FY26, causing international student volumes to decline significantly. Its results depend on international student Demand and government visa and cap settings in destination countries.

Risks and what to watch

Revenue fell 9% and Student Placement volumes fell 27% because of policy settings that reduce student mobility. EBIT fell 7%, and the final dividend is unfranked. Yield gains and cost reductions offset part of the Volume decline, and the transformation program has delivery requirements. The consensus data shows a Hold rating.

Next milestones

Items to watch include student volume trends and policy settings in key destinations, further cost reduction, payment of the 6 cent final dividend on 24 September 2026, and the half-year result.