Stock Rating Upgrade
The Value Trend Rating for Stride Inc (NYSE: LRN) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Stride Inc (NYSE: LRN) stock rose slightly by 0.2% on 9/27/24. The stock closed at $83.95. Moreover, above average trading volume at 124% of normal accompanied the advance. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LRN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Stride has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Stride has a neutral Appreciation Score of 42 but a very high Power Rating of 86, producing the Positive Value Trend Rating.
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