Stride price target raised to $72 from $71 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the firm’s price target on Stride to $72 from $71 and keeps an Outperform rating on the shares. The company’s Q2 earnings beat was mostly margin driven, while its General Education segment performed better than expected with solid enrollment and revenue-per-student, or RPE, growth, the analyst tells investors in a research note. BMO adds that the management raised guidance even though the Q2 Career Learning growth slowed in the Middle-High school segment and Adult Learning was negatively affected by headwinds in the IT bootcamp market.