Cantor Fitzgerald lowered the firm’s price target on PowerSchool to $29 from $30 and keeps an Overweight rating on the shares. The analyst slightly reduced revenue and adjusted EBITDA estimates for 2024, saying the firm previously extrapolated strong license and other revenue for 2024 on top of large onetime fees that PowerSchool received in 2023.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PWSC: