Stride price target raised to $100 from $90 at Barrington

Barrington raised the firm’s price target on Stride (LRN) to $100 from $90 and keeps an Outperform rating on the shares after the company’s Q1 results topped expectations and initial guidance for FY25 also came in above expectations. At current levels, the stock is trading at “a big discount to its Ed Tech peers,” which have a similar revenue growth rate and margin profile, the analyst tells investors in a post-earnings note.