BofA lowered the firm’s price target on Udemy (UDMY) to $8 from $9 and keeps a Neutral rating on the shares. Ahead of Udemy reporting Q1 results on April 30, the notes it estimates Q1 revenue in line with the Street at $197M and EBITDA margin of 9.5%. The firm sees some potential risk to growth in Q2 and fiscal year guidance on tough macro and weak enterprise budgets, the analyst added.
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