We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Current Quarter that sent shares plunging some 13 in after hours trading. Wiping as much as 160 billion off its stock market
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Udemy (NASDAQ:UDMY – Get Free Report) had its price target decreased by research analysts at KeyCorp from $15.00 to $14.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 38.20% from the stock’s current price. A number […]
Udemy, Inc. (NASDAQ:UDMY – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $9.89, but opened at $11.60. Udemy shares last traded at $10.81, with a volume of 889,783 shares. Wall Street Analysts Forecast Growth Several research analysts have recently weighed in on UDMY […]
Udemy (NASDAQ:UDMY – Free Report) had its target price decreased by Jefferies Financial Group from $14.00 to $11.00 in a research report sent to investors on Monday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock. Several other research analysts also recently weighed in on UDMY. JPMorgan Chase & Co. […]