Barclays Maintains Overweight on Skillsoft, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Carter Gould has maintained an Overweight rating on Skillsoft (NYSE:SKIL) but reduced the price target from $37 to $30.

December 06, 2023 | 11:37 am
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Barclays has maintained an Overweight rating on Skillsoft, indicating a positive outlook, but lowered the price target from $37 to $30, suggesting a reduced growth expectation.
While the Overweight rating suggests that Barclays believes Skillsoft will outperform the market or its sector, the reduction in price target could imply that there are factors that might limit the stock's upside potential. Investors may view the price target cut as a negative signal, potentially leading to short-term price volatility. However, the maintained Overweight rating could balance out the negative impact of the price target reduction.
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