Needham Reiterates Buy on Instructure Hldgs, Maintains $32 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Scott Berg has reiterated a 'Buy' rating on Instructure Hldgs (NYSE:INST) and maintained a price target of $32.
July 28, 2023 | 11:03 am
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Needham analyst Scott Berg has reiterated a 'Buy' rating on Instructure Hldgs, maintaining a price target of $32. This could potentially boost investor confidence in the stock.
Analyst ratings and price targets can significantly influence investor sentiment. A reiterated 'Buy' rating indicates that the analyst continues to have confidence in the company's prospects. Maintaining the price target suggests that the analyst believes the stock is still undervalued at current levels, which could encourage more investors to buy, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100