Cantor Fitzgerald raised the firm’s price target on PowerSchool to $30 from $27 and keeps an Overweight rating on the shares. The firm left PowerSchool’s investor day event feeling “encouraged” after hearing from CEO Hardeep Gulati and other management, and is “impressed” with the long-term outlook for revenue to reach $1B by 2026E, the analyst tells investors in a research note.
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Read More on PWSC:
- PowerSchool price target raised to $28 from $26 at Barclays
- PowerSchool sees 2023 revenue $691M, consensus $691.51M
- PowerSchool sees 2026 revenue $1B+, adjusted gross margin 71%-72%
- Jefferies software/Internet analyst to hold analyst/industry conference call
- PowerSchool price target raised to $25 from $23 at Raymond James