Barrington raises PT on Stride; shares up

Stride

29/01/2025 17:34

** Shares of edutech firm Stride  LRN.N  up 7.01% at $129.10
    ** Brokerage Barrington raises stock PT to $140 from $130;
maintains "outperform" rating
    ** Brokerage says company's results for the second quarter
ended Dec. 31, significantly topped expectations
    ** LRN raised on Tuesday its FY25 revenue forecast to the
range of $2.320 billion to $2.355 billion, up from the previous
range of $2.225 billion to $2.300 billion 
    ** Company reported revenue of $587.2 mln and EPS of $2.03 -
above analysts' estimates of $569.2 mln and $1.95, respectively,
according to data compiled by LSEG
    ** Including session gains, stock up 24.30% YTD

 (Reporting by Subiksha S in Bangalore)
 ((Subiksha.S@thomsonreuters.com))