Online Learning Is Booming. That Will Help Boost Pluralsight Stock, Analysts Say.

Some analysts think the skill-learning boom eventually will boost

Pluralsight

(PS), which offers more than 7,000 courses, for a wide range of technology skills that include cloud computing, security, data analysis, and software development.

Farmington, Utah-based Pluralsight was founded in 2004 as a classroom training company that dispatched instructors to offices and conferences. The company has digitized its products, with a focus on corporate IT skill development, not only with online courses but also programs that gauge and analyze the performance of tech workers.

Today, Pluralsight caters to nearly 18,000 corporate clients worldwide, including around 70% of Fortune 500 companies, according to its investor presentation.

Pluralsight made its IPO debut in May 2018. After reaching an all-time high above $37 later that year, the stock declined and remained at about $20 prior to the pandemic. The stock has gained about 20% this year, hitting a 12-month high close of $22.36

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Why the Market Is Booming and the Economy Is Struggling | Stock Market News

Why is the stock market going up when the economy is in trouble?

If you’re an investor, this question has likely been on your mind. After all, we’re in the middle of the scariest pandemic in a century. Some businesses are barely scraping by, while millions of unemployed Americans have relied on enhanced government programs to stay afloat – yet the markets are hitting new highs.

To understand the disconnect between the markets and the economy, it’s helpful to understand what defines the U.S. economic system and the stock market.

The economy is the system under which money, industry and commerce are organized. Economic health is measured by employment and production growth. The system in the U.S. is considered capitalistic, driven by supply and demand, with a mix of government involvement and socialist-type policies such as Social Security and Medicare.

The stock market refers to a public marketplace in which

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