Barrington analyst Alexander Paris maintained a Buy rating on Instructure Inc (INST) today and set a price target of $50. The company’s shares closed yesterday at $46.24.
Paris commented:
“We believe that as Instructure moves towards profitability, its valuation multiple will continue to expand and close the gap versus its peers. As such, we are reiterating our OUTPERFORM investment rating and price target of $50.”
According to TipRanks.com, Paris is a 5-star analyst with an average return of 9.8% and a 52.9% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
Currently, the analyst consensus on Instructure Inc is a Moderate Buy with an average price target of $47.75.
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The company has a one-year high of $50.19 and a one-year low of $29.48. Currently, Instructure Inc has an average volume of 386.8K.
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Instructure, Inc. provides applications for learning, assessment, development and engagement. The firm develops, delivers, manages and tracks engaging academic and employee development programs. It operates in a single operating segment, cloud-based learning management, assessment and performance systems.