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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.