Managers, teachers, and students have different expectations and concerns regarding the adoption of learning analytics. Managers expect learning analytics to improve educational quality and understand program effectiveness but are concerned about return on investment. Teachers want analytics to help students and inform instruction, but worry about impacts on students and teachers. Students desire personalized support, feedback, and resources, as well as tools for self-regulated learning, but have privacy and ethics concerns. Addressing these varied stakeholder perspectives is key to systemic learning analytics adoption.