Jefferies Upgrades Instructure Hldgs to Buy, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill has upgraded Instructure Hldgs (NYSE:INST) from Hold to Buy and increased the price target from $25 to $30.
January 05, 2024 | 12:48 pm
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POSITIVE IMPACT
Instructure Hldgs was upgraded by Jefferies from Hold to Buy with a raised price target from $25 to $30, indicating a positive outlook on the stock.
Upgrades from reputable analysts like Jefferies often lead to a positive short-term reaction in the stock market as they suggest a stronger confidence in the company's future performance. The increase in price target further supports this positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100