Brokerages Set Udemy Inc (NASDAQ:UDMY) PT at $36.00

Udemy Inc (NASDAQ:UDMY) has been assigned an average recommendation of “Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $35.09.

Several analysts have commented on the company. Needham & Company LLC assumed coverage on Udemy in a report on Tuesday, November 23rd. They issued a “buy” rating and a $37.00 price objective on the stock. Citigroup dropped their price objective on Udemy from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 9th. Piper Sandler lowered their price target on Udemy from $34.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday. Robert W. Baird began coverage on Udemy in a research note on Tuesday, November 23rd. They issued an “outperform” rating and a $42.00 price target on the stock. Finally, Jefferies Financial Group began coverage on Udemy in a research note on Tuesday, November 23rd. They issued a “hold” rating and a $32.00 price target on the stock.

Shares of UDMY opened at $15.34 on Wednesday. Udemy has a 12 month low of $13.42 and a 12 month high of $32.62. The firm has a 50 day simple moving average of $21.79.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings data on Tuesday, December 7th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $129.60 million during the quarter, compared to analyst estimates of $125.59 million. During the same period in the previous year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Udemy will post -0.72 EPS for the current year.

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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Analyst Recommendations for Udemy (NASDAQ:UDMY)

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