Instructure (US:INST) Rating Improved

Instructure (US:INST)’s stock was upgraded to “Strong Buy” by research professionals at Raymond James. INST’s “Outperform” rating is no longer valid.

This stock rating upgrade is well-received by equity traders, as US:INST is now trading 6.91% higher at $24.75 as of 2:05 PM New York time. Instructure’s stock is 0% over the past 200 days. It has underperformed the S&P 500, which has surged 13.56% over the same time.

According to data compiled by Thomson Reuters, Instructure (US:INST)’s stock is covered by 8 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $26.13, which reflects an upside potential of 5.58% over the current price.

Instructure (US:INST) Profile

Instructure, Inc. provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.

Instructure (US:INST) traded up 6.91% on 16 March, hitting $24.75. A total of 780,715 shares of the company’s stock traded hands. This is up from average of 198,886 shares. Instructure has a 52 week low of $16.03 and a 52 week high of $26.92. The company has a market cap of $721.76 million and a P/E ratio of 0.

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The post Analysts at Raymond James Upped Instructure (US:INST) from “Outperform” to “Strong Buy” Rating appeared first on Octafinance.