Instructure's Win Strategy In LMS Market: How 70% Win Rate Could Drive $576.1M Revenue By 2024
Portfolio Pulse from Lekha Gupta
Needham & Co. analyst Ryan MacDonald initiated coverage on Instructure Holdings Inc (NYSE:INST) with a Buy rating and a price target of $32. MacDonald expects INST to benefit from its market-leading position in the North American higher ed LMS market and K-12 and 14-month federal funding and international growth. The analyst projects 10%+ growth and an approximate 30% FCF margin for INST in the next several years. INST shares are trading higher by 3.11% at $27.56.
July 12, 2023 | 6:15 pm
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Instructure Holdings Inc is expected to benefit from its market-leading position and projected growth. The stock has a Buy rating and a price target of $32.
The analyst's positive outlook on Instructure Holdings Inc, including a Buy rating and a price target of $32, indicates a potential upside for the stock. This is further supported by the company's strong position in the market and expected growth.
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