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Fly News Breaks for July 30, 2019
INST
Jul 30, 2019 | 08:57 EDT
Needham analyst Scott Berg lowered his price target on Instructure to $46, saying that while the company beat on Q2 earnings, its billings were in-line and its revenue growth excluding acquisitions impact decelerated to below 20%. The analyst maintains his Buy rating on Instructure shares however, noting that he remains optimistic about the company's GTM and Bridge product enhancement sentiment, which suggests that billings could recover in the back half of 2019.
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