Market Overview

Pluralsight Analyst: Online Education Company Could Sustain 30% Growth In Near-Term

Pluralsight Analyst: Online Education Company Could Sustain 30% Growth In Near-Term

Pluralsight Inc (NASDAQ: PS) addresses a large and expanding market and could sustain more than 30% growth in the near-term given “its cloud-based platform, differentiated content generation and highly referenceable marquee client base,” according to KeyBanc Capital Markets.

The Analyst

Arvind Ramnani initiated coverage of Pluralsight with an Overweight rating and $40 price target.

The Thesis

Pluralsight is well-positioned in a $31-billion market that is expected to expand due to multiple secular drivers, Ramnani said in a Tuesday initiation note. (See his track record here.) 

Enterprises are feeling an intense need to maintain and enhance the tech-based skills of their employees, as they are becoming a competitive differentiator, the analyst said. On the other hand, the cost of training employees in these desired skills “continues to increase exponentially,” he said. 

Pluralsight is well-positioned to benefit from these trends because the company has a cloud-based platform that focuses on technology skills education for enterprises, Ramnani said. Moreover, the content is generated by technical experts and practitioners, he said. 

Pluralsight helps enterprises identify their technical skills gaps to make better strategic tech decisions, the analyst said. 

Given the significant investments in sales and content generation, the company is likely to turn EPS-positive in 2021, according to KeyBanc. 

Price Action

Pluralsight shares were trading higher by 2.61% to $31.45 at the time of publication Wednesday. 

Related Links:

35 Stocks Moving In Friday's Pre-Market Session

71 Biggest Movers From Yesterday

Photo by Greyhound4334/Wikimedia

Latest Ratings for PS

Aug 2019MaintainsBuy
Aug 2019MaintainsOutperform
Aug 2019MaintainsOverweight

View More Analyst Ratings for PS
View the Latest Analyst Ratings

Posted-In: Arvind Ramnani KeyBanc Capital MarketsAnalyst Color Price Target Initiation Analyst Ratings Best of Benzinga


Related Articles (PS)

View Comments and Join the Discussion!

Latest Ratings

HUBBInitiates Coverage On160.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

After Earnings Beat, Wall Street Talks Johnson & Johnson Litigation Risk

Supreme Cannabis Announces Plans To Acquire Truverra, Expand Reach In Canada, Europe