In a report released today, Brian Peterson from Raymond James maintained a Buy rating on Instructure Inc (NYSE: INST), with a price target of $50. The company’s shares closed yesterday at $33.87, close to its 52-week low of $32.
According to TipRanks.com, Peterson is a top 100 analyst with an average return of 35.8% and a 80.4% success rate. Peterson covers the Technology sector, focusing on stocks such as Coupa Software Inc, Salesforce.com, and MiX Telematics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Instructure Inc with a $51.25 average 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.
