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INST

Instructure

$39.50

-0.775 (-1.92%)

07:19
08/12/19
08/12
07:19
08/12/19
07:19

Instructure upgraded to Outperform at Oppenheimer

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.

  • 12

    Aug

INST Instructure
$39.50

-0.775 (-1.92%)

07/12/19
RAJA
07/12/19
DOWNGRADE
RAJA
Market Perform
Raymond James downgrades Instructure to Market Perform on slower growth
As previously reported, Raymond James analyst Brian Peterson downgraded Instructure to Market Perform from Outperform on expectations of slower growth in 2020. He noted to investors that his rating change "in no way reflects any incremental concerns about the company's strategic direction," but is entirely about his more cautious view on 2020 growth projections. The consensus forecast assumes an organic growth acceleration that looks "overly optimistic" to Peterson, who thinks slowing activity levels in 2019 should pressure 2020 growth.
07/12/19
07/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Neutral from Buy at Citi. 2. Rexnord (RXN) was downgraded to Underperform from Buy at BofA/Merrill while Parker-Hannifin (PH) was downgraded to Neutral from Buy. 3. Instructure (INST) downgraded to Market Perform from Outperform at Raymond James with analyst Brian Peterson saying his rating change "in no way reflects any incremental concerns about the company's strategic direction," but is entirely about his more cautious view on 2020 growth projections. 4. MSC Industrial (MSM) downgraded to Neutral from Buy at Northcoast with analyst Tom Hayes citing the company's report of weaker than expected organic sales growth and margin headwinds in Q3. 5. Charles Schwab (SCHW) was downgraded to Neutral from Buy at BofA/Merrill and to Market Perform from Outperform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/30/19
NEED
07/30/19
NO CHANGE
Target $46
NEED
Buy
Instructure price target lowered to $46 from $58 at Needham
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.
08/12/19
OPCO
08/12/19
UPGRADE
OPCO
Outperform
Instructure upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Brian Schwartz upgraded Instructure to Outperform from Perform with a $56 price target.

TODAY'S FREE FLY STORIES

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DB

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GOOG

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VMW

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