B. Riley Securities Maintains Buy on Skillsoft, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Raj Sharma has maintained a Buy rating on Skillsoft (NYSE:SKIL) but has reduced the price target from $80 to $40.

November 29, 2023 | 2:07 pm
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NEGATIVE IMPACT
B. Riley Securities reaffirms a Buy rating on Skillsoft, yet cuts the price target by 50% from $80 to $40, signaling a revision of expected performance.
The reduction in price target by B. Riley Securities is a significant change that could negatively impact investor sentiment towards Skillsoft in the short term. While the Buy rating is maintained, the halving of the price target suggests a reassessment of the company's future earnings potential or market position, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100