tiprankstipranks
PowerSchool price target raised to $28 from $22 at Piper Sandler
The Fly

PowerSchool price target raised to $28 from $22 at Piper Sandler

Piper Sandler raised the firm’s price target on PowerSchool to $28 from $22 and keeps an Overweight rating on the shares. The company delivered upside to margin expectations, beating on both adjusted EBITDA and earnings, but revenues were slightly below expectations, the analyst tells investors in a research note. However, PowerSchool continues to see a robust demand environment with its annual recurring revenue pipeline up 25% in the first half of the year, Piper adds.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on PWSC:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles