Analyst Reaffirms Buy Rating on Udemy as Strategic Partnerships Boost Growth
Portfolio Pulse from Shivani Kumaresan
Needham analyst Ryan MacDonald reaffirmed a Buy rating on Udemy Inc (NASDAQ: UDMY) with a $16 price target. Udemy is benefiting from long-term strategic partnerships and international opportunities, particularly in the APAC region.
June 02, 2023 | 2:55 pm
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Needham analyst Ryan MacDonald reaffirmed a Buy rating on Udemy with a $16 price target, citing strategic partnerships and international growth.
The reaffirmed Buy rating and $16 price target by Needham analyst Ryan MacDonald indicate a positive outlook for Udemy. The company's strategic partnerships and international growth, particularly in the APAC region, are expected to drive its stock price up in the short term.
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