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.

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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.

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Disclosure: None.