Impressive Quarterly Results Propel Stride Stock to 17% Gains: Analyst Recommendations and Future Outlook

Friday, 26 April 2024, 11:13

Stride's remarkable fiscal third quarter of 2024 showcased significant growth in enrollment, revenue, and profitability, surpassing analyst expectations. Following the beat-and-raise quarter, analysts revised their price targets and recommendations for Stride stock. Despite missing the Motley Fool's top stock picks, Stride's growth prospects and earnings guidance have attracted investor attention.
https://store.livarava.com/f162a4d7-03be-11ef-a6c0-63e1980711b2.jpg
Impressive Quarterly Results Propel Stride Stock to 17% Gains: Analyst Recommendations and Future Outlook

Beating and raising

Stride had a strong fiscal third quarter in 2024, reporting substantial increases in enrollment, revenue, and per-share profitability, surpassing consensus estimates. The company also raised its full-year revenue and operating income guidance.

Analyst recommendations

  • Morgan Stanley: Greg Parrish raised his price target to $70 per share.
  • Citi: Thomas Singlehurst upgraded his target to $77 per share.

More growth ahead

Analysts foresee continued improvement from Stride, with revenue expected to grow by 7% in fiscal 2025 and profitability seeing significant increases in the current and following years.

Investing considerations

While Stride presents growth potential, it wasn't selected among the Motley Fool's top stock picks. Investors are advised to evaluate all investment options before making decisions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe