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Fly News Breaks for April 3, 2019
INST
Apr 3, 2019 | 08:00 EDT
DA Davidson analyst Rishi Jaluria kept his Buy rating and $47 price target on Instructure after its $42.5M deal to buy MasteryConnect. The analyst says the acquired company "fits in well with new CEO Dan Goldsmith's data science and analytics initiative" while also increasing Instructure's penetration in K-12 education sector and providing an uplift in its average revenue per user.
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