Cantor Lowers Nerdy Price Target to $1.00, Maintains Neutral

Core Viewpoint - Nerdy, Inc. is considered one of the best EdTech stocks to buy currently, despite a cautious outlook from analysts following its Q3 results [1][2]. Financial Performance - For Q3, Nerdy reported revenue of approximately $37 million, which is roughly flat year-over-year [2]. - The adjusted EBITDA loss improved to $10.2 million, better than the guidance of a loss between $11 million and $13 million, indicating effective cost management [2]. - The company narrowed both GAAP and non-GAAP net losses compared to the previous year, reflecting tighter cost control as it approaches Q4 [2]. Analyst Ratings - Cantor Fitzgerald's Yi Fu Lee maintained a Neutral stance on Nerdy but lowered the price target to $1.00 from $1.50, following a previous adjustment from $1.75 to $1.50 in August [1][3].