Udemy (UDMY) Misses Q2 EPS by 3c, Offers Guidance
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August 1, 2024 7:00 PM EDT
Needham & Company analysts reiterated its Buy rating and $15 price target on one EdTech stock in a note Thursday despite a downward revision in FY24 revenue guidance.
Following a solid second quarter, Needham noted that Udemy (NASDAQ: UDMY) shares fell after it lowered its topline guidance by $21 million for the second half of 2024.
Despite this, the firm views the sell-off as a buying opportunity, emphasizing Udemy's strategic shift towards... More
August 1, 2024 6:36 AM EDT
Cantor Fitzgerald analyst Brett Knoblauch lowered the price target on Udemy Inc (NASDAQ: UDMY) to $18.00 (from $20.00) while maintaining a Overweight rating.
The analyst comments "After a mixed print from UDMY, we are revising our FY24/FY25 revenue estimates lower by (2.1%)/(3.0%) and our FY24/FY25... More
