Stride price target raised to $90 from $85 at Barrington

Barrington raised the firm’s price target on Stride to $90 from $85 and keeps an Outperform rating on the shares after the company’s Q4 results topped expectations. While management did not provide formal guidance on the conference call, as its usual practice is to give initial guidance for FY25 when it reports its fiscal first quarter results in late October, management did say that, while still early in the enrollment season, current trends suggest overall enrollment will increase in the upcoming Fall term and that the company remains on track to hit its long-term targets, the analyst tells investors.