Shares of Stride Inc. (LRN) surged 6.05% in pre-market trading on Wednesday, following the company's record-breaking quarterly performance and an analyst's price target increase.
Stride Inc. reported impressive results for its second quarter, with record-breaking financial metrics across the board. The strong earnings figures fueled optimism among investors, leading to the stock's pre-market rally.
Adding to the bullish sentiment, Canaccord Genuity raised its price target for Stride to $135 from $130, maintaining a Buy rating on the stock. The analyst firm cited the company's robust quarterly performance as the primary catalyst for the price target increase.
With solid earnings and an elevated price target, Stride Inc. appears poised for further gains as investors continue to back the company's growth prospects.
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