INST - PowerSchool lands high grades from Wall Street after analyst quiet period ends

Macquarie initiates coverage on PowerSchool Holdings (NYSE:PWSC) with an Outperform on what it sees as a dominant SIS market share position for the company and a mission to improve student outcomes. PowerSchool is seen having the potential to consolidate portions of the fragmented K-12 software market with its platform strategy and prudent M&A amid the ongoing K-12 digital transformation. Analyst Frederick Havemeyer and team: "We believe the step-function increase in K-12 EdTech investments during 2020 is durable, with room for growth, and that students’ now ubiquitous access to computing devices on a 1:1 basis can facilitate more software entering the classroom." While PowerSchool (PWSC) is seen facing increasing competition from vendors such as Instructure (NYSE:INST), which is also rated at Outperform by Macquarier, the company is also expected to increase its per-student budget capture due to its strong platform. Macquarie assigns a price target of $31 to PWSC. Other bulls

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PowerSchool lands high grades from Wall Street after analyst quiet period ends