Needham & Company Assumes Instructure, Inc. (INST) at Buy

Needham & Company assumes coverage on Instructure, Inc. (NYSE: INST) with a Buy rating and a price target of $25.00.

Analyst Scott Berg commented, "We assume coverage on Instructure at Buy with a $25 PT. We believe INST has quickly become the dominant vendor in the education Learning Management space as the only pure-play multi-tenant SaaS vendor in a space ripe for secular transition to the Cloud platform. While we believe this educational end market offers INST significant growth opportunity for several years, we like the company’s strategy to aggressively expand into TAM into the corporate LMS end market and HCM more broadly. We believe INST has the right characteristic mix to outperform the broader SaaS market over the next year with its dominant position, large TAM, subscription revenue model, and highly attractive valuation, and we think any near-term profitability concerns will be mitigated by sustained execution that can drive premium revenue growth rates."

For an analyst ratings summary and ratings history on Instructure, Inc. click here. For more ratings news on Instructure, Inc. click here.

Shares of Instructure, Inc. closed at $18.11 yesterday.

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