
Instructure Holdings (INST) Stock Forecast & Price Target
Instructure Holdings (INST) Analyst Ratings
Bulls say
Instructure Holdings Inc. demonstrated solid performance in Q3 2023 with a revenue increase of 10.2% year-over-year, primarily driven by a 12.2% growth in subscription revenue, which reached $123.1 million. The company's EBITDA also showed significant improvement, rising to $56.5 million, reflecting a strong margin of 41.7%, surpassing consensus expectations. Furthermore, Instructure's management raised its annual revenue guidance to a range of $528.0 million to $530.0 million, indicating a positive outlook for growth, supported by accelerating cross-sell activity and a favorable long-term trend in global education digital spending projected at a 16% CAGR over the next five years.
Bears say
Instructure Holdings Inc is experiencing a concerning forecast as its expected Annual Recurring Revenue (ARR) growth for the combined Instructure and Parchment business falls below expectations, suggesting a decline in its organic business performance. Additionally, the company's billings of $90.9 million fell short of market expectations, indicating a potential weakness in demand that may impact future growth prospects. This situation is further compounded by multiple compression towards the broader EdTech and low-growth software average, reflecting a loss of investor confidence in the company's growth trajectory.
This aggregate rating is based on analysts' research of Instructure Holdings and is not a guaranteed prediction by Public.com or investment advice.
Instructure Holdings (INST) Analyst Forecast & Price Prediction
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