William Blair Starts Udemy Inc (UDMY) at Outperform

November 23, 2021 7:04 AM EST
Get Alerts UDMY Hot Sheet
Price: $27.48 +1.10%

Rating Summary:
    8 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 11 | New: 61
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William Blair analyst Stephen Sheldon initiates coverage on Udemy Inc (NASDAQ: UDMY) with a Outperform rating.

The analyst comments "Udemy pegs its target learning market at over $220 billion (two-thirds individual learners and one-third businesses). We believe this will support multiple providers, especially given secular growth tailwinds, with Udemy well positioned to scale considerably. Market drivers include the need for high-quality continuous learning options, hiring challenges that may force companies to focus on upskilling existing employee pools, broader adoption of online learning such as corporate training (historically heavily classroom-based), and personalization in learning pathways."

For an analyst ratings summary and ratings history on Udemy Inc click here. For more ratings news on Udemy Inc click here.

Shares of Udemy Inc closed at $29.43 yesterday.

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