Instructure Holdings Poised To Dominate Learning Management System Market: KeyBanc
Portfolio Pulse from Nabaparna Bhattacharya
KeyBanc Capital Markets analyst Devin Au initiated coverage on Instructure Holdings, Inc. (NYSE:INST) with an Overweight rating and a price target of $32. The analyst sees growth opportunities in international and cross-sells, positioning Instructure as the leader in the education learning management system market. The company is expected to benefit from government funding passed during the pandemic to support education initiatives. The analyst expects FY23 revenues of $524.6 million, and FY24 revenues of $577.3 million.
July 06, 2023 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Instructure Holdings, Inc. (NYSE:INST) has been given an Overweight rating and a price target of $32 by KeyBanc Capital Markets. The company is expected to benefit from growth opportunities and government funding. FY23 revenues are expected to be $524.6 million, and FY24 revenues are expected to be $577.3 million.
The Overweight rating and a price target of $32 by KeyBanc Capital Markets indicates a positive outlook for Instructure Holdings. The expected growth opportunities and government funding are likely to boost the company's performance. The projected revenues for FY23 and FY24 also suggest a positive financial outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100