Barrington Thinks Instructure Inc’s Stock is Going to Recover


Barrington analyst Alexander Paris reiterated a Buy rating on Instructure Inc (NYSE: INST) today and set a price target of $50. The company’s shares opened today at $32.60, close to its 52-week low of $29.48.

According to TipRanks.com, Paris is a 4-star analyst with an average return of 5.1% and a 48.8% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.

Currently, the analyst consensus on Instructure Inc is a Moderate Buy with an average price target of $45, a 38.0% upside from current levels. In a report released today, SunTrust Robinson also maintained a Buy rating on the stock with a $43 price target.

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Based on Instructure Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $12.54 million. In comparison, last year the company had a GAAP net loss of $12.37 million.

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Instructure, Inc. is a software-as-a-service technology company, which engages in creating software. It also involves in providing cloud-based learning management platform for academic institutions and companies. The company was founded by Devlin Daley and Brian Whitmer in September, 2008 and is headquartered in Salt Lake City, UT.

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