Barrington Research has increased its price target for Stride Inc. (LRN, Financial) to $150, up from the previous target of $140. The firm maintains an Outperform rating on the stock as the company prepares to release its fiscal third-quarter results on Tuesday, April 29.
Barrington attributes this optimistic outlook to favorable macroeconomic conditions and Stride's enhanced business momentum. The company's broadening array of offerings is another positive factor influencing the upgraded target.
Furthermore, Stride's management has expressed confidence in meeting or potentially surpassing its long-term goals, initially set out during their investor event in late 2023. These positive enrollment trends and fiscal year 2025 guidance bolster the firm's confidence in Stride's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Stride Inc (LRN, Financial) is $135.25 with a high estimate of $145.00 and a low estimate of $117.00. The average target implies an downside of 1.08% from the current price of $136.72. More detailed estimate data can be found on the Stride Inc (LRN) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Stride Inc's (LRN, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Stride Inc (LRN, Financial) in one year is $55.12, suggesting a downside of 59.68% from the current price of $136.72. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Stride Inc (LRN) Summary page.
