Stride price target raised to $75 from $70 at Citi

Citi raised the firm’s price target on Stride to $75 from $70 and keeps a Buy rating on the shares. The company’s fiscal Q2 results give further comfort in its growth profile with strong performance across the K-12 business and a generally robust performance within adult learning, the analyst tells investors in a research note. The firm says this is driving better profitability and cash flow, which supports estimate upgrades into the medium-term.