Citigroup Maintains Buy on Skillsoft, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Singlehurst has maintained a Buy rating on Skillsoft (NYSE:SKIL) but lowered the price target from $66 to $50.
April 30, 2024 | 2:34 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Skillsoft but reduces the price target from $66 to $50.
The adjustment in price target by Citigroup, while maintaining a Buy rating, suggests a positive outlook on Skillsoft's fundamentals but with recalibrated expectations. This could lead to mixed short-term reactions in the market as investors reassess the valuation based on the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100