UPDATE: Jefferies Starts Udemy Inc (UDMY) at Hold

Udemy (UDMY) Shares Have Failed to Rally After IPO but Analysts Stay Mostly Bullish

Educational tech company Udemy (NASDAQ: UDMY) made its stock market debut last month after selling 14.5 million shares at the top of a marketed range of $27 to $29 to raise $421 million.

However, Udemy shares closed 6.4% lower on its IPO debut to value the business at around $3.7 billion, about 10% higher compared to the $3.3 billion the company fetched last year in the private market.

At least 11 Street firms started research coverage on Udemy today with 8 initiating at But... More

William Blair Starts Udemy Inc (UDMY) at Outperform

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... More

UPDATE: Piper Sandler Starts Udemy Inc (UDMY) at Overweight as a Premier Instruction Content Destination

(Updated - November 23, 2021 9:18 AM EST)

Piper Sandler analyst Arvind Ramnani initiates coverage on Udemy Inc (NASDAQ: UDMY) with a Overweight rating noting that the company has built a global online learning marketplace with a scaled flywheel effect: >183K courses, >44M students, >66K teachers, >5,900 enterprise... More

UPDATE: Citi Starts Udemy Inc (UDMY) at Buy

(Updated - November 23, 2021 5:40 AM EST)

Citi initiates coverage on Udemy Inc (NASDAQ: UDMY) with a Buy rating and a price target of $45.00.

The analyst comments "UDMY is a leading provider of content for professional learning, catering to 44mn learners... More

UPDATE: JPMorgan Starts Udemy Inc (UDMY) at Neutral

(Updated - November 23, 2021 4:13 AM EST)

JPMorgan analyst Sterling Auty initiates coverage on Udemy Inc (NASDAQ: UDMY) with a Neutral rating and a price target of $35.00.

The analyst comments "Udemy is an online learning marketplace that offers over 183,000 courses whose content ranges from professional topics like data science... More

KeyBanc Starts Udemy Inc (UDMY) at Overweight

KeyBanc analyst Jason Celino initiates coverage on Udemy Inc (NASDAQ: UDMY) with a Overweight rating and a price target of $37.00.

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 $29.29 yesterday.

UPDATE: Baird Starts Udemy Inc (UDMY) at Outperform

(Updated - November 23, 2021 6:47 AM EST)

Baird analyst Rob Oliver initiates coverage on Udemy Inc (NASDAQ: UDMY) with a Outperform rating and a price target of $42.00.

The analyst comments "We are initiating coverage of Udemy with an Outperform rating and a $42... More

UPDATE: Morgan Stanley Starts Udemy Inc (UDMY) at Equalweight

(Updated - November 23, 2021 4:13 AM EST)

Morgan Stanley analyst Josh Baer initiates coverage on Udemy Inc (NASDAQ: UDMY) with a Equalweight rating and a price target of $36.00.

The analyst comments "Udemy's efficient content generation engine has created one of the largest, most differentiated... More