BUZZ-Barrington raises PT on Stride; shares up

Reuters
01-30
BUZZ-Barrington raises PT on <a href="https://laohu8.com/S/LRN">Stride</a>; shares up

** Shares of edutech firm Stride LRN.N up 7.01% at $129.10

** Brokerage Barrington raises stock PT to $140 from $130; maintains "outperform" rating

** Brokerage says company's results for the second quarter ended Dec. 31, significantly topped expectations

** LRN raised on Tuesday its FY25 revenue forecast to the range of $2.320 billion to $2.355 billion, up from the previous range of $2.225 billion to $2.300 billion

** Company reported revenue of $587.2 mln and EPS of $2.03 - above analysts' estimates of $569.2 mln and $1.95, respectively, according to data compiled by LSEG

** Including session gains, stock up 24.30% YTD

(Reporting by Subiksha S in Bangalore)

((Subiksha.S@thomsonreuters.com))

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