Stride (LRN) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stride in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LRN shares.
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3 Wall Street research analysts have issued 12-month target prices for Stride's shares. Their LRN share price forecasts range from $46.00 to $50.00. On average, they anticipate the company's stock price to reach $48.00 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price.
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Stride's stock was trading at $31.28 at the beginning of 2023. Since then, LRN shares have increased by 28.3% and is now trading at $40.12.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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Stride, Inc. (NYSE:LRN) announced its earnings results on Tuesday, April, 25th. The company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. The firm earned $470.30 million during the quarter, compared to the consensus estimate of $455.97 million. Stride had a trailing twelve-month return on equity of 13.36% and a net margin of 6.17%. The business's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 EPS.

ETFs with the largest weight of Stride (NYSE:LRN) stock in their portfolio include Global X Education ETF (EDUT), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Distillate Small/Mid Cash Flow ETF (DSMC), iShares US Small Cap Value Factor ETF (SVAL) and RiverFront Dynamic US Flex-Cap ETF (RFFC).

Stride issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.80 billion-$1.82 billion, compared to the consensus revenue estimate of $1.79 billion.

83 employees have rated Stride Chief Executive Officer Nate Davis on Glassdoor.com. Nate Davis has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Stride investors own include AbbVie (ABBV), Advanced Micro Devices (AMD), Pfizer (PFE), NVIDIA (NVDA), QUALCOMM (QCOM), Shopify (SHOP), Chegg (CHGG), PayPal (PYPL), Cisco Systems (CSCO) and JD.com (JD).

Stride trades on the New York Stock Exchange (NYSE) under the ticker symbol "LRN."

Stride's stock is owned by a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.84%), Boston Partners (3.14%), Rice Hall James & Associates LLC (2.67%), abrdn plc (2.52%), Pictet Asset Management SA (1.86%) and Geode Capital Management LLC (1.80%). Insiders that own company stock include James Jeaho Rhyu, Kevin Chavous, Nathaniel A Davis, Shaun Mcalmont and Vincent Mathis.
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Shares of LRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LRN stock can currently be purchased for approximately $40.12.

Stride (NYSE:LRN) has a market capitalization of $1.73 billion and generates $1.81 billion in revenue each year. The company earns $107.13 million in net income (profit) each year or $2.61 on an earnings per share basis.

The company employs 7,500 workers across the globe.

Stride's mailing address is 2300 Corporate Park Drive, Herndon VA, 20171. The official website for the company is www.k12.com. The company can be reached via phone at (703) 483-7000, via email at mkraft@k12.com, or via fax at 703-483-7330.