Instructure price target lowered to $27 from $34 at BTIG

BTIG analyst Matt VanVliet lowered the firm’s price target on Instructure to $27 from $34 and keeps a Buy rating on the shares. Fresh news reports emerged at the end of the week that a leading bid is emerging for approximately $24 per share, and while there is no assurance that a deal will be finalized, the fact that reports highlighted several interested acquirers and seemingly a receptive stance from the Board and key shareholders, the reports of $24/ share are likely a bit of a ceiling for the stock’s near-term valuation, the analyst tells investors in a research note.