Instructure (INST) Moves On Citigroup Initiation. How Much Are Shares Worth?

July 16, 2018 - By Mary Kidd

Instructure, Inc. (NYSE:INST) Logo

Why Has Citigroup Given Instructure (INST) a $55.0 Price Target

Citigroup analyst has begun coverage with a Buy rating on Instructure (INST) today and set a price target of $55.0. The company’s shares opened today at 46.35.

Instructure, Inc. (NYSE:INST) Ratings Coverage

Among 4 analysts covering Instructure Inc (INST), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Instructure Inc has $50 highest and $42 lowest target. $49’s average target is 5.72% above currents $46.35 stock price. Instructure Inc had 5 analyst reports since February 12, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, May 1 by Barrington. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, February 13. SunTrust maintained Instructure, Inc. (NYSE:INST) rating on Monday, February 12. SunTrust has “Buy” rating and $47.0 target. The stock of Instructure, Inc. (NYSE:INST) earned “Overweight” rating by Morgan Stanley on Tuesday, May 1. Needham downgraded the shares of INST in report on Wednesday, March 21 to “Buy” rating.

The stock increased 3.00% or $1.35 during the last trading session, reaching $46.35. About 280,688 shares traded or 6.37% up from the average. Instructure, Inc. (INST) has risen 62.00% since July 16, 2017 and is uptrending. It has outperformed by 49.43% the S&P500.

Analysts await Instructure, Inc. (NYSE:INST) to report earnings on July, 30. They expect $-0.43 EPS, up 6.52 % or $0.03 from last year’s $-0.46 per share. After $-0.36 actual EPS reported by Instructure, Inc. for the previous quarter, Wall Street now forecasts 19.44 % negative EPS growth.

Instructure, Inc. provides cloud-based learning management platform for academic institutions and companies worldwide. The company has market cap of $1.59 billion. The firm offers its platform through a Software-as-a-Service business model. It currently has negative earnings. It develops Canvas, a learning management application for the education market; and Bridge for the corporate market to enable its clients in developing, delivering, and managing face-to-face and online learning experiences.

More recent Instructure, Inc. (NYSE:INST) news were published by: Seekingalpha.com which released: “Instructure: Great Value In Hidden Gem” on June 23, 2018. Also Prnewswire.com published the news titled: “Canvas by Instructure Showcases Success at Cox College” on June 19, 2018. Streetinsider.com‘s news article titled: “Citi Starts Instructure, Inc. (INST) at Buy” with publication date: July 16, 2018 was also an interesting one.

Instructure, Inc. (NYSE:INST) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.