William Blair initiated research coverage of PowerSchool Holdings, Inc. (PWSC $25.57), an end-to-end, predominantly SaaS platform for the K-12 education industry.
“Since inception, PowerSchool has created and acquired solutions that expand its end-to-end cloud capabilities, and it now facilitates workflows for most K-12 participants (admins, teachers, students, and parents),” Sheldon said. “Its student information system (SIS) and enrollment solutions have market-leading share with high barriers to entry, and it is seeing growing demand for its talent/administrative suite and for its classroom-focused tools. We believe that end-to-end solutions could be increasingly in demand in the K-12 market and are highly sticky once adopted.”
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Current Ratings Distribution (as of 8/22/21)
Outperform (Buy): 76%
Market Perform (Hold): 24%
Underperform (Sell): 1%
Inv. Banking Relationships*
Outperform (Buy): 31%
Market Perform (Hold): 13%
Underperform (Sell): 0%
* Percentage of companies in each rating category that are investment banking clients, defined as companies for which William Blair has received compensation for investment banking services within the past 12 months.
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