Stride price target raised to $140 from $130 at Barrington

Barrington raised the firm’s price target on Stride (LRN) to $140 from $130 and keeps an Outperform rating on the shares after Q2 results “significantly” topped expectations and full-year guidance was raised. Current levels represent “a big discount to its Ed Tech peers” that have a similar revenue growth rate and EBITDA margin profile, the analyst tells investors.