Nerdy Analysts Cut Their Forecasts After Weak Forecast
Portfolio Pulse from Lisa Levin
Nerdy, Inc. (NYSE:NRDY) reported better than expected Q3 results but issued a weak forecast for Q4 and FY23, leading to a 19.2% drop in its share price. Analysts from Raymond James and Cantor Fitzgerald have reduced their price targets on the company's stock.
November 08, 2023 | 6:05 pm
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NEGATIVE IMPACT
Nerdy's weak forecast for Q4 and FY23 has led to a significant drop in its share price and lowered price targets from analysts.
Nerdy's weak forecast for the upcoming quarters is a negative signal for investors, leading to a drop in its share price. This, coupled with lowered price targets from analysts, indicates a bearish outlook for the company in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100