Cantor Lowers Nerdy Price Target to $1.00, Maintains Neutral

Nerdy, Inc. (NYSE:NRDY) is one of the best EdTech stocks to buy now.

On November 7, Cantor Fitzgerald’s Yi Fu Lee maintained a Neutral stance but took the price target down to $1.00 from $1.50. That follows his August adjustment from $1.75 to $1.50. The sequence frames a cautious but watchful sell-side posture following Q3.

Nerdy reported Q3 results on November 6 that leaned defensive but operationally cleaner: revenue came in at about $37 million, roughly flat year over year, while adjusted EBITDA improved to a $10.2 million loss, better than guidance for a $11–13 million loss, as marketing and variable staffing were trimmed without derailing product work. The company also narrowed GAAP and non-GAAP net losses versus a year ago, signaling tighter cost control heading into Q4.

Cantor Lowers Nerdy Price Target to $1.00, Maintains Neutral

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Nerdy, Inc. (NYSE:NRDY) operates a purpose-built, proprietary live-online learning platform led by its flagship, Varsity Tutors. It connects learners with experts for one-on-one and small-group sessions, large/cohort classes, and on-demand support, and serves both consumers and school districts through Varsity Tutors for Schools.

While we acknowledge the potential of NRDY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NRDY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.