In-Depth Examination Of 4 Analyst Recommendations For Instructure Hldgs
Portfolio Pulse from Benzinga Insights
Instructure Hldgs (NYSE:INST) received mixed analyst ratings with an average 12-month price target of $30.5, slightly down from the previous $30.67. Jefferies' Brent Thill raised the target to $30 from $25, Citigroup's Steven Enders and Raymond James' Brian Peterson both lowered their targets to $30 from $33 and $34 respectively, while Needham's Ryan MacDonald maintained a target of $32. The company has shown solid revenue growth and strong financial performance but trails behind its IT sector peers in growth rate.
January 05, 2024 | 2:01 pm
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NEUTRAL IMPACT
Instructure Hldgs received varied analyst ratings with a slight decrease in the average price target. The company's financials show positive revenue growth and strong performance metrics, which may influence investor sentiment.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on INST's stock price. The company's solid financial performance could be a positive signal, but the lowered growth expectations compared to the IT sector might temper investor enthusiasm.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100