It is Time to “Overweight” Instructure (NYSE:INST), First Analysis Sec Says. Stock May Be Worth $26.0


Why Has First Analysis Sec Given Instructure (NYSE:INST) a $26.0 Price Target

Equities researchers at First Analysis Sec began issuing coverage on shares of Instructure (NYSE:INST) in an analyst note shared with investors on Tuesday, 15 December. The investment house set “Overweight” rating on the stock. First Analysis Sec’s price target of $26.0 suggests potential of 36.91% from the stock’s stock close price.

From a total of 6 analysts covering Instructure (NYSE:INST) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $25 while the lowest target price is $20. The mean of all analyst targets is $24.08 with a 26.80% above today’s ($18.99) stock price. Instructure was the topic of 6 analyst reports since December 8, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley initiated shares on December 9 with “Equal-Weight” rating. Oppenheimer initiated shares with “Outperform” rating and $25 target share price in a report from a December 8. Goldman Sachs initiated INST stock in a recent report from December 8 with “Buy” rating. Finally, Jefferies initiated the stock with “Buy” rating in a report issued on a December 8.

The stock decreased 6.50% or $1.32 on December 14, striking $18.99. Approximately shares of stock traded hands. Instructure Inc (NYSE:INST) has risen 6.00% since November 15, 2015 and is uptrending. It has outperformed by 9.68% the S&P500.

Instructure Inc is a United States-based technology company. The company has a market cap of $538.94 million. The Firm provides instructors and students with tools and resources. It currently has negative earnings. Instructure offers Canvas, which is a learning management system, as well as Canvas Network, online courses by educators everywhere – from Ivy League institutions to community colleges.

According to Zacks Investment Research, “Instructure, Inc. provides cloud-based online education technology. It develops Canvas, a learning management application for the education market and Bridge, for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences. The company’s platform also provides data analytics that enable real-time reaction to information and benchmarking in order to personalize curricula and increase the efficacy of the learning process. Instructure, Inc. is based in Salt Lake City, Utah.”