Stride price target raised to $57 from $50 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the firm’s price target on Stride to $57 from $50 and keeps an Outperform rating on the shares. The analyst cites the company’s adjusted operating beat on better-than-expected margins and revenues. BMO added that Stride’s General Education revenues and enrollment returned to growth on improved execution, but while the company’s Career Learning growth slowed, it was “still solid”.