After J.P. Morgan and Barclays gave Pluralsight Inc (NASDAQ: PS) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Brian Peterson maintained a Buy rating on Pluralsight Inc today and set a price target of $28. The company’s shares opened today at $24.
According to TipRanks.com, Peterson is a top 100 analyst with an average return of 27.2% and a 70.3% success rate. Peterson covers the Technology sector, focusing on stocks such as Coupa Software Inc, Upland Software, and Instructure Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pluralsight Inc with a $36.86 average price target, a 53.6% upside from current levels. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $40 price target.
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Based on Pluralsight Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $31.09 million. In comparison, last year the company had a GAAP net loss of $33.54 million.
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Pluralsight, Inc. engages in the provision of technology skill development solutions. It offers a cloud-based technology learning platform which provides a broad range of tool, including skill assessments, a curated library of courses, learning paths, and business analytics.
