PowerSchool (PWSC – Research Report), the Technology sector company, was revisited by a Wall Street analyst on January 18. Analyst Ryan MacDonald from Needham remains neutral on the stock and has a $26.00 price target.
Ryan MacDonald has given his Buy rating for PowerSchool’s stock (ticker: PWSC) after considering multiple strategic initiatives that the company is undertaking. One key aspect influencing his positive outlook is the company’s planned changes to their go-to-market strategy in FY24, which includes bundled offerings that could drive increased sales efficiency and customer adoption. Additionally, the anticipated launch of MyPowerSchool in the second quarter is expected to enhance user engagement and streamline operations, potentially leading to higher customer satisfaction and retention rates.
The growth strategy is further complemented by PowerSchool’s approach to mergers and acquisitions, where there is potential for strategic tuck-in acquisitions. These acquisitions are poised to strengthen PowerSchool’s market position and expand its product portfolio. MacDonald’s rating reflects confidence in the company’s direction and the potential for these developments to translate into significant value for investors, thereby justifying a Buy recommendation for the stock.
According to TipRanks, MacDonald is a 5-star analyst with an average return of 9.4% and a 50.22% success rate. MacDonald covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Liveperson, and Verint Systems.
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PowerSchool (PWSC) Company Description:
PowerSchool Holdings Inc is a provider of cloud-based software to the K-12 education market. Its cloud-based technology platform helps schools and districts efficiently manage state reporting and related compliance, special education, finance, HR, talent, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics in one place. The company earns revenue from subscription offerings, perpetual software licenses, maintenance and support services, and professional services.
Read More on PWSC:
- Rocket Online Schools selects PowerSchool Student Information Cloud
- River East Transcona School Division taps PowerSchool to modernize processes
- PowerSchool price target lowered to $29 from $30 at Cantor Fitzgerald
- PowerSchool price target raised by $1 at UBS, here’s why
- PowerSchool price target raised to $25 from $24 at UBS
