- PowerSchool ( NYSE: PWSC ) upgraded to Neutral from Sell by Goldman Sachs analyst Gabriela Borges with a price target of $16, up from $15.50.
- The analyst cites "idiosyncratic opportunities for alpha generation" in software over the next 12 months and favors names that "sell into defensive / counter-cyclical end markets with strong free cash flow profiles.
- Borges views the education end market as being more resilient than other end markets in software over the medium term.
- The analyst also views PowerSchool's valuation as "reasonable'
- The stock is currently trading at ~$13.3 per share and has seen a downside in price of ~23% YTD.
- Market cap stands at $2.5B
- Comparing price performance of the stock against its peers on YTD basis looks like:
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PowerSchool upgraded by Goldman Sachs, PT set to $16