BofA Securities Downgrades Udemy Inc (UDMY) to Neutral
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Needham sees a 'create buying opportunity' in this EdTech stock
August 1, 2024 7:00 PM EDTNeedham & 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
