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Fly News Breaks for November 9, 2018
INST
Nov 9, 2018 | 08:28 EDT
Credit Suisse analyst Brad Zelnick initiated Instructure with a Neutral rating and $42 price target. In a research note to investors, Zelnick says he believes that expansion opportunities within the academic learning management system market combined with an installed base of sticky customers make Instructure's Canvas product a highly valuable and defensive asset. He says he is encouraged by the prospects of incoming CEO Dan Goldsmith accelerating Instructure's growth in the corporate market with its Bridge offering, but he believes it will take time for the company to build its product portfolio and gain meaningful traction.
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