Macquarie raised the firm’s price target on PowerSchool to $27 from $26 and keeps an Outperform rating on the shares after the company reported what the firm calls “a sound quarter.” The firm, which views PowerSchool as well positioned to cross-sell School Messenger, Allovue and PowerBuddy in FY24, thinks cross-selling, international expansion, AI innovation and M&A support double-digit revenue growth and margin expansion, the analyst tells investors.
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