Canaccord analyst Jason Tilchen raised the firm’s price target on Stride (LRN) to $155 from $145 and keeps a Buy rating on the shares. The firm updated its model ahead of results where robust enrollment growth has been driven in part by more efficient marketing investments, helping the company capture a greater share of heightened demand for online schools and where little impact shoulod occur from a recently signed executive order aimed at dismantling the Department of Education as the company receives less than 5% of total revenue from federal funding.
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Read More on LRN:
- LRN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Stride price target raised to $141 from $117 at Morgan Stanley
- Stride’s Growth Potential Balanced by Regulatory Risks and Enrollment Uncertainty: Hold Rating Maintained
- Stride price target raised to $150 from $140 at Barrington
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