Stride price target raised to $67 from $57 at BMO Capital

BMO Capital raised the firm’s price target on Stride to $67 from $57 and keeps an Outperform rating on the shares. The company’s Investor Day presentation bolstered the firm’s confidence in its growth trajectory and business strategy, the analyst tells investors in a research note, adding that the pandemic helped expand awareness and acceptance of Stride’s General Education business. The company also reaffirmed its FY24 guidance and provided FY28 targets, which BMO believes to be “reasonable”, the firm added.