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Nerdy price target raised to $6 from $4 at Cantor Fitzgerald
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Nerdy price target raised to $6 from $4 at Cantor Fitzgerald

Cantor Fitzgerald analyst Brett Knoblauch raised the firm’s price target on Nerdy to $6 from $4 and keeps an Overweight rating on the shares following the Q4 results. While Q1 revenue guidance was slightly below consensus, its full year revenue guidance was above consensus, which suggests Nerdy’s business model transition is not only near the tail-end, but has gained momentum through the transition, the analyst tells investors in a research note.

Published first on TheFly

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