The Panic-Proof Portfolio (Stockchase Research)
Stride, Inc.
LRN-N
PAST TOP PICK
Dec 09, 2021
(A Top Pick Apr 22/21, Up 3.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with LRN has triggered its stop at $32.50. We recommend covering the position at this time. We will look for better opportunities.
Stockchase Research Editor: Michael O'Reilly LRN is a K-12 technology based education company. Its revenue growth has averaged over 11% for the past five years and it is expected schools will continue to have blended online teaching even after the pandemic. Trading at 27x earnings, it is cheap compared to peers at 45x. Over 85% of the shares are held by large institutions, giving it more staying power. We would buy this with a stop loss at $21, looking to achieve $44 -- upside potential over 39%. Yield 0% (Analysts’ price target is $43.75)
(A Top Pick Apr 15/21, Up 14.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with LRN is progressing well. We recommend trailing up the stop (from $21.00) to $32.50 at this time.
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