LRN - Stride surges 15% on various rating by banks and potential of Career Learning segment
Morgan Stanley gave an equal weight to Stride (LRN +15.2%) and raised PT to $39 from $36; Bank suggested, “Top and bottom-line beats led by Career Learning along with positive forward commentary led to a strong result”. Remains cautio of FY23 enrollments, but sees a compelling valuation in the stock. While Citi has a buy rating and PT $65 suggesting, “a strong set of results with an upgrade to FY guidance against the backdrop of a rising short interest” BMO Capital Markets has an Outperform rating with $50 PT, stating better than expected Career Learning business growth, mentions "LRN remains our favorite small-cap stock across our entire coverage universe" William Blair has an outperform rating stating, “Enrollment and profit trends are poised to surpass expectations, and it is becoming clearer to us that Stride is now in a materially better position to consistently grow”
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Stride surges 15% on various rating by banks and potential of Career Learning segment