Piper Sandler Maintains Overweight on PowerSchool Holdings, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Arvind Ramnani maintains an Overweight rating on PowerSchool Holdings (PWSC) but lowers the price target from $29 to $24.

May 10, 2024 | 5:35 pm
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NEGATIVE IMPACT
Piper Sandler maintains an Overweight rating on PowerSchool Holdings but reduces the price target from $29 to $24.
The reduction in price target by a reputable analyst like Arvind Ramnani could lead to short-term negative sentiment among investors, potentially causing a decrease in PWSC's stock price. However, the maintenance of an Overweight rating indicates a positive outlook on the company's fundamentals, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100