Barrington analyst Alexander Paris reiterated a Buy rating on Instructure Inc (INST) today and set a price target of $50. The company’s shares opened today at $38.18.
Paris wrote:
“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, suggesting 24% upside from current levels.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 9.6% and a 53.1% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, Franklin Covey Company, and Grand Canyon Education.
Currently, the analyst consensus on Instructure Inc is a Moderate Buy with an average price target of $48, which is a 25.7% upside from current levels. In a report released today, First Analysis also maintained a Buy rating on the stock with a $49 price target.
See today’s analyst top recommended stocks >>
Based on Instructure Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $7.59 million. In comparison, last year the company had a GAAP net loss of $11.72 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
