Piper Sandler raised the firm’s price target on PowerSchool to $29 from $28 and keeps an Overweight rating on the shares. The firm notes PowerSchool’s Q4 results were modestly below consensus, but within the company’s guided range. Piper expects revenue and NRR to continue to be impacted quarterly, given PowerSchool’s focus on large deals – and the firm is thereby more focused on annual cadence over quarterly dynamics.
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