Barrington Thinks Instructure Inc’s Stock is Going to Recover


In a report released today, Alexander Paris from Barrington maintained a Buy rating on Instructure Inc (NYSE: INST), with a price target of $50. The company’s shares closed yesterday at $31.12, close to its 52-week low of $29.48.

According to TipRanks.com, Paris is a 4-star analyst with an average return of 5.6% and a 46.9% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.

Instructure Inc has an analyst consensus of Strong Buy, with a price target consensus of $51.25, which is a 64.7% upside from current levels. In a report issued on October 3, Raymond James also maintained a Buy rating on the stock with a $50 price target.

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The company has a one-year high of $49.18 and a one-year low of $29.48. Currently, Instructure Inc has an average volume of 530.6K.

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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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