As previously reported, Oppenheimer analyst Brian Schwartz upgraded Instructure to Outperform from Perform, with a $56 price target, as he sees a good self-help story. The analyst notes that investor sentiment has materially shifted away from expectations of unrealistically high growth rates many years into the future and the Street has finally accepted that a decelerating U.S. education spending trend cannot be easily overcome by robust growth Internationally and/or in the corporate business and actually hurts Instructure. Overall, he thinks valuation has reached an attractive level and the risk/reward is too attractive to ignore.