Brent Thill, an analyst from Jefferies, maintained the Buy rating on Instructure Holdings (INST – Research Report). The associated price target is $30.00.
Brent Thill has provided a Buy rating for Instructure Holdings, predicated on a robust financial performance and promising growth indicators. Instructure, denoted by its ticker INST, has surpassed expectations in the fourth quarter, with both revenue and adjusted EBITDA outperforming consensus estimates by 1% and 4%, respectively. Furthermore, the company’s guidance for fiscal year 2024 significantly exceeds consensus, which is noteworthy despite the inclusion of Parchment’s acquisition in these projections, an aspect not previously accounted for in consensus estimates.
Thill’s optimism is further bolstered by Instructure’s strong cross-selling results, which have seen an impressive year-over-year increase of 49% in the fourth quarter, accelerating from a mid-20% growth throughout the year. This evidences the company’s effective strategy and potential for scalability. With a price target set at $30, Thill’s valuation is based on an estimated 17.5 times the company’s expected EBITDA for fiscal year 2025, underscoring a belief in Instructure’s sustained financial growth and profitability.
Thill covers the Technology sector, focusing on stocks such as Palantir Technologies, Salesforce, and Adobe. According to TipRanks, Thill has an average return of -2.3% and a 44.83% success rate on recommended stocks.
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Instructure Holdings (INST) Company Description:
Instructure Holdings Inc is an education technology company dedicated towards helping everyone learn together. it amplify the power of teaching and elevate the learning process, leading to improved student outcomes. The company supports more than 30 million educators and learners at more than 6,000 organizations around the world.
Read More on INST:
- Instructure Reports Fourth Quarter and Full Year 2023 Results
- Instructure Holdings Announces Transaction Completion Details
- Instructure Holdings Establishes New Financial Obligation
- Instructure Holdings Finalizes Strategic Acquisition Deal
- Instructure Completes Acquisition of Parchment, the World’s Largest Academic Credential Management Platform and Network
