Baird Maintains Outperform on Udemy, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Rob Oliver maintains an Outperform rating on Udemy (NASDAQ:UDMY) but lowers the price target from $15 to $13.

May 03, 2024 | 11:46 am
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Baird maintains an Outperform rating on Udemy but lowers the price target from $15 to $13.
While the reduction in price target could suggest a tempered outlook on Udemy's short-term price potential, the maintenance of an Outperform rating indicates a continued positive long-term view on the company's fundamentals and growth prospects. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
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IMPORTANCE 80
RELEVANCE 100