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
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100