Canaccord analyst Jason Tilchen lowered the firm’s price target on Stride (LRN) to $125 from $175 and keeps a Buy rating on the shares. The firm said they reported mixed Q1 results, with total enrollment coming in slightly below expectations while revenue and profitability modestly exceeded consensus. Application volumes remained strong throughout the enrollment period, although an upgrade of the company’s learning and tech platforms intended to support current and future enrollment growth encountered significant implementation challenges at the start of the school year.
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