PowerSchool price target raised to $26 from $24 at Baird

Baird analyst Joe Vruwink raised the firm’s price target on PowerSchool to $26 from $24 and keeps an Outperform rating on the shares. The analyst said the quarter was highlighted by record cross-selling, "breakout performance" from data/analytics, accelerating growth from heritage SIS, growing internationally, and operational efficiencies across R&D/SG&A.