These Analysts Increase Their Forecasts On PowerSchool After Q2 Results

PowerSchool Holdings, Inc. PWSC reported in-line earnings for its second quarter.

PowerSchool posted quarterly earnings of 23 cents per share, in-line with market expectations. The company’s sales came in at $173.90 million, topping estimates of $171.28 million.

PowerSchool said it sees third-quarter revenue of $178 million to $181 million, versus estimates of $180.73 million.

PowerSchool shares fell 1.8% to $22.28 in pre-market trading.

These analysts made changes to their price targets on PowerSchool following earnings announcement.

• Raymond James raised the price target on PowerSchool from $23 to $25. Raymond James analyst Brian Peterson maintained an Outperform rating.
• Credit Suisse increased the price target on PowerSchool from $27 to $29. Credit Suisse analyst Rich Hilliker maintained an Outperform rating.
• Barclays boosted PowerSchool price target from $24 to $26. Barclays analyst Saket Kalia maintained the stock with an Overweight.
• Needham analyst Ryan MacDonald, meanwhile, reiterated PowerSchool Holdings with a Buy and maintained a $26 price target.
• Piper Sandler analyst Arvind Ramnani reiterated PowerSchool with an Overweight and maintained a $27 price target.

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