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Instructure has strong market leadership in K-12/higher education, says Truist

Truist keeps a Buy rating and $35 price target on Instructure (INST) while noting media reports on Wednesday that Francisco Partners and KKR (KKR) are interested in acquiring the company. Instructure has strong market leadership serving the needs of higher education and K-12 institutions, and the stock currently trades at 6.3-times on enterprise value to expected 2025 revenue, with the company also having previously been mentioned in separate media reports related to a potential sale of the business, the analyst tells investors in a research note.

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