Baird analyst Rob Oliver lowered the firm’s price target on Udemy to $16 from $20 and keeps an Outperform rating on the shares. The analyst met with management and said the meetings underscored his positive view on the strength and competitive position of the company. He are closed out his Fresh Pick early as investor skepticism on Ed-Tech SaaS and concerns of the impact of macro weakness on spend in the space remain front-and-center; however, continued strong results are beginning to allay those concerns.
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Published first on TheFly
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