IDP Education (ASX:IEL) share price sinks 5%: Time to buy?

The IDP Education Ltd (ASX: IEL) share price has started the week deep in the red.

In afternoon trade, the student placement and language testing company’s shares are down 5% to $21.58.

Why is the IDP Education share price sinking today?

Investors appear to have been selling IDP Education’s shares due to concerns over the impact the COVID-19 crisis in India could have on its performance.

The Indian market is the biggest contributor to the company’s earnings. So with COVID-19 numbers sadly rising rapidly in the country, there is significant downside risk to earnings estimates.

Is this a buying opportunity?

One leading broker that believes the weakness in the IDP Education share price is a buying opportunity is Goldman…



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