Morgan Stanley Downgrades Udemy to Underweight, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Udemy (NASDAQ:UDMY) from Equal-Weight to Underweight and reduced its price target from $10 to $7.5.

September 27, 2024 | 11:36 am
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Morgan Stanley has downgraded Udemy from Equal-Weight to Underweight, reducing the price target from $10 to $7.5, indicating a bearish outlook.
The downgrade from Morgan Stanley, a major financial institution, suggests a negative outlook on Udemy's stock performance. The lowered price target from $10 to $7.5 indicates expectations of a decline in stock value, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100