Goldman Sachs analyst Gabriela Borges has maintained their bullish stance on PWSC stock, giving a Buy rating on May 6.
Gabriela Borges has given her Buy rating due to a combination of factors that indicate a positive outlook for PowerSchool Holdings Inc. (ticker PWSC). Despite a mixed update for the first quarter of 2024, with revenue meeting expectations and EBITDA margin exceeding predictions, the cautious guidance for the second quarter reflects a strategy of conservative forecasting aimed at outperforming later in the year. Borges recognizes that PowerSchool’s stock performance hinges on the company’s ability to consistently surpass expectations, and she anticipates an improvement in visibility and performance due to both the timing of large deals and enhancements in the company’s internal processes.
Furthermore, Borges is optimistic about PowerSchool’s growth prospects, particularly in the realms of personalized learning and international expansion. She believes these areas offer a robust pipeline that could catalyze a medium-term acceleration in revenue growth. This potential, coupled with the company’s strategic positioning and the expected improvement in deal visibility, underpins Borges’ Buy rating, suggesting confidence in PowerSchool’s capacity to deliver shareholder value in the forthcoming periods.
In another report released on May 6, Barclays also assigned a Buy rating to the stock with a $28.00 price target.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PWSC in relation to earlier this year.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
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:
