Stride Inc. (LRN) PT Raised to $88 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the price target on Stride Inc. (NYSE: LRN) to $88.00 (from $84.00) while maintaining a Outperform rating.

The analyst commented, "LRN reported a strong FY1Q25 beat, with record enrollments. Management noted strong demand in both Gen Ed and Career Learning. First-time FY25 guidance was well above prior consensus, offsetting fears from a recent short report.
While many of the questions on the call focused on ESSER (federal funded stimulus funding) fall-off, management noted it still expects revenue/enrollment to be flattish to slightly down this year. We raise our estimates and target price."

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