Instructure (INST) Tops Q2 EPS by 8c; Boosts FY16 Outlook

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Go back to Instructure (INST) Tops Q2 EPS by 8c; Boosts FY16 Outlook

Needham & Company Raises Price Target on Instructure (INST) to $28 Following 2Q Beat

August 2, 2016 6:55 AM EDT

Needham & Company reiterated a Buy rating on Instructure, Inc. (NYSE: INST), and raised the price target to $28.00 (from $25.00), following the company's 2Q earnings report. INST reported revenue of $25.9mm, ahead of $24.3mm estimates. EPS of ($0.44) was also ahead of estimates of ($0.52). The company raised the bottom and... More