Stride price target raised to $130 from $100 at Canaccord

Canaccord analyst Jason Tilchen raised the firm’s price target on Stride (LRN) to $130 from $100 and keeps a Buy rating on the shares. The firm previewed its Q4 results and noted the 2024-2025 school year got off to a great start for Stride, with net enrollment additions come in nearly triple expectations. The company also announced the nationwide launch of K12 Tutoring, an online service that allows its existing base of state-certified teachers to leverage the company’s technology platform, content, marketing engine, and billing functionality. Canaccord believes Management will likely discuss early learnings from the rollout of K12 Tutoring on the earnings call, and investors will also be looking for additional color on how the Trump administration could impact the expansion of school choice and the education funding environment.