PowerSchool price target raised to $27 from $21 at Cantor Fitzgerald

Cantor Fitzgerald analyst Brett Knoblauch raised the firm’s price target on PowerSchool to $27 from $21 and keeps an Overweight rating on the shares after the company reported mixed Q4 results and guided to 9.6% revenue growth in 2023, which was slightly below consensus, and adjusted EBITDA margins of 32.5%, which was slightly above consensus. PowerSchool has "remained steadfast" in its ability to grow revenue organically in the low-double-digit range and drive annual margin improvements, said the firm, which sees this dynamic continuing for multiple years given the company’s sizable install base and minimal churn.