Barrington raised the firm’s price target on Stride (LRN) to $150 from $140 and keeps an Outperform rating on the shares ahead of the company reporting results of its fiscal third quarter on Tuesday, April 29. The firm cites current favorable macro trends, accelerating momentum and expanding offering, adding that management has said current enrollment trends and FY25 guidance keep the company on track to achieve, if not exceed, the long-term targets first introduced at the company’s investor day in late 2023.
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