Citi raised the firm’s price target on Stride to $75 from $70 and keeps a Buy rating on the shares. The company’s fiscal Q2 results give further comfort in its growth profile with strong performance across the K-12 business and a generally robust performance within adult learning, the analyst tells investors in a research note. The firm says this is driving better profitability and cash flow, which supports estimate upgrades into the medium-term.
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Read More on LRN:
- Stride price target raised to $72 from $71 at BMO Capital
- Stride price target raised to $75 from $70 at Barrington
- Stride raises FY24 revenue view to $1.99B-$2.04B from $1.96B-$2.03B
- Stride sees Q3 revenue $500M-$520M, consensus $503.89M
- Stride reports Q2 EPS $1.54, consensus $1.31
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