Cantor Fitzgerald lowered the firm’s price target on Udemy to $15 from $16 and keeps an Overweight rating on the shares. Udemy’s Q2 revenue was up 16.4% y/y, and the midpoint of management’s full year revenue outlook was unchanged at $716M, while it increased its full year adjusted EBITDA margin outlook to (0.5%) from (2.5%), the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on UDMY:
- Udemy sees FY23 revenue $712M-$720M, consensus $719.3M
- Udemy sees Q3 revenue $176M-$180M, consensus $180.5M
- Udemy reports Q2 EPS (17c), consensus (7c)
- Udemy announces Badging offering, Integrated Skills Framework
- Udemy introduces new Badging offering and Integrated Skills Framework to help organizations verify technical skills and future-proof their workforce