03/07/2025, 08:33 AM UTC
Stride：居家学校教育，一个长期趋势Stride: School From Home, A Secular Trend
1. Stride的在线K-12教育模式是一个长期趋势；2. 公司正从增长和规模收益中受益，预计2025年入学人数将增长9%；3. 公司具有高收益可见性和运营杠杆，EBITDA利润率从6%上升到12%；4. 估值具有吸引力，为1x PEG，如果入学增长率在2025年9月达到或超过9%，则潜在目标价为185美元；5. 主要风险是监管，但长期入学增长和规模收益支持对Stride的买入评级。1. Stride's online K-12 education model is a secular trend; 2. The company is benefiting from growth and scale gains with a 9% enrollment increase estimated for 2025; 3. The company has high earnings visibility and operating leverage, with EBITDA margins rising from 6% to 12%; 4. The valuation is attractive at 1x PEG, with a potential price target of $185 if enrollment growth meets or exceeds 9% in September 2025; 5. The primary risk is regulation, but long-term enrollment growth and scale gains support a buy rating for Stride.---
本文由大语言模型（LLM）生成，旨在为读者提供半导体新闻内容的知识扩展（Beta）。
