Udemy (NASDAQ:UDMY) had its price objective lowered by equities researchers at Piper Sandler from $34.00 to $24.00 in a report released on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 56.45% from the company’s previous close.
A number of other brokerages have also recently commented on UDMY. Citigroup decreased their price target on Udemy from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 9th. Jefferies Financial Group began coverage on Udemy in a research note on Tuesday, November 23rd. They set a “hold” rating and a $32.00 target price on the stock. KeyCorp began coverage on Udemy in a research note on Tuesday, November 23rd. They set an “overweight” rating and a $37.00 target price on the stock. Truist reduced their target price on Udemy from $42.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, December 9th. The analyst cites sector volatility and compressed multiples for his price target cut, but he is positive on the company’s first quarterly results post-IPO as revenue for both Consumer and Udemy Business and Enterprise segments were “well above” his estimates. Tillman adds that Udemy Business continues to perform at high level with 84% y/y growth, and he expects seasonal strength in both segments during Q4. Finally, Robert W. Baird began coverage on Udemy in a research note on Tuesday, November 23rd. They set an “outperform” rating and a $42.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $35.09.
Shares of Udemy stock opened at $15.34 on Thursday. The stock has a 50 day moving average of $21.79. Udemy has a one year low of $13.42 and a one year high of $32.62.
Udemy Company Profile
Udemy Inc develops educational software solutions. The Company offers an online course in various subjects including technology, Internet, business, creative and performing arts, health and fitness, language and music. Udemy Inc is based in San Francisco, United States.
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