** Shares of edutech firm Stride rise 24.6% to $80.35 premarket

** Co reported Q1 revenue of $551.1 mln, beating estimates compiled by LSEG of $504.3 mln

** Q1 FY25 enrollments were 222.6K, up 18.5% compared to 187.9K enrollments last year; co says strong demand drove record enrollment

** EPS of 94 cents was also above estimates of 22 cents - LSEG

** Co sees FY rev $2.225 bln to $2.300 bln and FY capital expenditures between $60 mln to $65 mln

** Forecasts Q2 rev of $560 mln to $580 mln and Q2 capital expenditures between $13 mln to $15 mln

** Morgan Stanley raises target price to $94 from $74, maintains "equal-weight"

** Brokerage says Stride has achieved a fundamental step-up in its organic revenue growth profile vs. history due to increased virtual education awareness and strategic go-to-market

improvements

** Avg rating of analysts covering stock is "buy"; median PT is $90 - LSEG data

** As of last close, stock up 8.6% YTD

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))