Morgan Stanley has updated its price target for Stride (LRN, Financial), increasing it from $117 to $141. Despite maintaining an Equal Weight rating on the stock, the firm is optimistic about Stride's performance leading into its fiscal third-quarter report. Analysts anticipate the company will exceed expectations and adjust its forecasts upward.
Stride, known for its educational services funded by K12 state and local governments, is seen as a stable option amid macroeconomic fluctuations. The firm cites the company's strong position despite the uncertainty surrounding future enrollment figures, limited market visibility, and potential regulatory challenges.
However, Morgan Stanley's decision to retain an Equal Weight rating reflects its assessment of Stride's current valuation as fair, balancing the potential risks and benefits in the current economic climate.
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 $143.75 with a high estimate of $150.00 and a low estimate of $139.00. The average target implies an upside of 5.81% from the current price of $135.86. 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 59.43% from the current price of $135.86. 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.
