tiprankstipranks

Udemy price target lowered to $15 from $16 at Cantor Fitzgerald

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.

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:

Disclaimer & DisclosureReport an Issue