PowerSchool price target raised by $1 at UBS, here’s why

UBS raised the firm’s price target on PowerSchool to $25 from $24 and keeps a Neutral rating on the shares. Organic y/y growth likely remains less than 10% until 2Q24, the analyst tells investors in a research note, adding that platform and growth levers are compelling, but unlikely to materially contribute to results until 2H24.