Udemy Inc (UDMY – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Jason Tilchen from Canaccord Genuity maintained a Buy rating on the stock and has a $14.00 price target.
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Jason Tilchen’s rating is based on Udemy’s impressive performance in its latest financial quarter, which surpassed both revenue and profitability expectations. The company has shown promising progress in its strategic shift towards larger enterprise deals, alongside a strong adoption of newly launched AI tools. This strategic focus is expected to deepen Udemy’s penetration within its existing client base.
Despite a slight shortfall in revenue guidance for early 2025, Udemy’s adjusted EBITDA outlook remains strong, indicating effective cost management following recent restructuring. The company’s Consumer segment is anticipated to stabilize, with broader growth prospects forecasted for 2026. Given the current valuation, Tilchen sees Udemy as having an attractive risk-reward profile, justifying the Buy rating.
UDMY’s price has also changed slightly for the past six months – from $7.110 to $7.820, which is a 9.99% increase.