Udemy price target lowered to $15 from $17 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Udemy to $15 from $17 and keeps an Equal Weight rating on the shares. Strong Q4 results were “overshadowed” by “weak” 2024 revenue and EBITDA guidance, says the analyst, who adds that guidance marking 2024 as “an investment year” with decelerating growth is “tough for the market to swallow.”