UPDATE: Piper Sandler Starts Udemy Inc (UDMY) at Overweight as a Premier Instruction Content Destination
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Udemy (UDMY) Shares Have Failed to Rally After IPO but Analysts Stay Mostly Bullish
November 23, 2021 10:56 AM ESTEducational 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
November 23, 2021 7:04 AM ESTWilliam 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
