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.
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