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
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- PowerSchool price target raised to $27 from $21 at Cantor Fitzgerald
- PowerSchool price target raised to $26 from $24 at Baird
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- PowerSchool sees FY23 revenue $688M-$694M, consensus $696.2M
- PowerSchool sees Q1 revenue $158M-$160M, consensus $164.44M