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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INST:
- KKR Stock News: Here’s What Investors Need to Know
- Francisco, KKR interested in acquiring Instructure, Bloomberg says
- Instructure Completes the Acquisition of Scribbles, Expanding K-12 Credentialing and Records Management Capabilities on its Learning Platform
- Jefferies confident software M&A rebound will continue after Instructure report
- Thoma Bravo weighs sale of Instructure stake, Reuters reports
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue