Stride (LRN) Stock Forecast & Price Target

Stride Inc. demonstrated strong financial performance in the first quarter of 2026, achieving total revenue growth of 13% year-over-year to reach $621 million, surpassing consensus expectations. The company also reported a significant 29.2% increase in adjusted EBITDA, amounting to $108.4 million, which illustrated its improving profitability. Additionally, with a robust enrollment growth of 11% year-over-year, totaling 247.7K students, along with an increase in revenue per enrollment of 3.7% to $2,388, Stride is poised for continued success within the online education sector.

Stride Inc. has shown a mixed performance in its Q1 results, with total enrollment falling slightly short of expectations and anticipated revenue per enrollment remaining flat year-over-year, driven by a challenging state mix and increased platform rollout costs. The company's disappointing FY26 revenue growth guidance of $2.48-2.56 billion, which is significantly below consensus estimates, coupled with a notable decline in adj. Adult Learning & Other revenue, underscores ongoing challenges as Stride shifts from a B2C to a B2B model. Operational struggles, including login issues and system performance delays, have negatively affected conversion rates and elevated withdrawal rates, further contributing to a negative outlook for the company's financial health.