Oppenheimer Assigns a Buy Rating on Instructure Inc

By Austin Angelo

Oppenheimer analyst Brian Schwartz assigned a Buy rating to Instructure Inc (NYSE: INST) today and set a price target of $41. The company’s shares closed yesterday at $32.55.

Schwartz said:

“We are making no changes to our stock opinion nor to our $41 price target on INST shares as we roll over our valuation metrics to 2019. We are lowering our 2018 and 2019 cash flow estimates for Instructure to reflect increased management transparency.”

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 22.5% and a 74.4% success rate. Schwartz covers the Technology sector, focusing on stocks such as Callidus Software, Ultimate Software, and Salesforce.com.

Currently, the analyst consensus on Instructure Inc is Strong Buy and the average price target is $39.60, representing a 21.7% upside.

In a report issued on November 28, SunTrust Robinson also reiterated a Buy rating on the stock with a $42 price target.

The company has a one-year high of $36.60 and a one-year low of $18.80. Currently, Instructure Inc has an average volume of 262.6K.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.

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Instructure, Inc. is a software-as-a-service technology company, which engages in making software. It also involves in providing cloud-based learning management platform for academic institutions and companies. The company was founded by Devlin Daley and Brian Whitmer in September, 2008 and is headquartered in Salt Lake City, UT.