Wed Oct 02 16:47:14 UTC 2024: ## Stride, Inc. (LRN) Hits 52-Week High on Strong Earnings and Analyst Optimism
**New York, NY -** Shares of Stride, Inc. (NYSE:LRN) reached a new 52-week high on Wednesday, fueled by strong earnings results and positive analyst sentiment. The stock closed at $86.88, up from the previous day’s closing price of $83.85.
Stride, a technology-based education service company, exceeded analysts’ expectations for the second quarter, reporting earnings per share of $1.42, surpassing the consensus estimate of $1.27. The company also saw revenue growth of 10.5% year-over-year, reaching $534.18 million.
Analysts are optimistic about Stride’s future prospects, with several research firms recently issuing bullish ratings and price target increases. BMO Capital Markets raised its target price to $82.00, while StockNews.com upgraded the stock to a “buy” rating. Barrington Research also reiterated an “outperform” rating with a $90.00 target price.
The positive outlook from analysts comes as institutional investors are increasing their stakes in the company. William Blair Investment Management LLC, Swedbank AB, Vaughan Nelson Investment Management L.P., Victory Capital Management Inc., and Price T Rowe Associates Inc. MD all acquired or boosted their holdings in Stride during recent quarters.
Overall, Stride’s strong earnings performance and positive analyst sentiment have propelled the stock to new heights. The company’s focus on technology-driven education and its growing investor confidence indicate potential for further growth in the future.
First Piper 