Stride price target raised to $48 from $47 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the firm’s price target on Stride to $48 from $47 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company’s General Education segment showed continued weakness albeit with some encouraging signs such as sequential enrollment increases, and its Career Learning growth accelerated and outperformed during the quarter, the analyst tells investors in a research note. BMO Capital FY23 EPS estimates on Stride also rise to $2.60 from $2.06 and FY24 estimates rise to $2.89 from $2.74.