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Robert W. Baird Thinks Udemy, Inc.’s Stock is Going to Recover

Robert W. Baird analyst Robert Oliver maintained a Buy rating on Udemy, Inc. (UDMYResearch Report) on February 10 and set a price target of $42.00. The company’s shares closed last Friday at $13.18, close to its 52-week low of $13.00.

According to TipRanks.com, Oliver is a 5-star analyst with an average return of 19.4% and a 64.2% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, UserTesting, and Salesforce.

Currently, the analyst consensus on Udemy, Inc. is a Moderate Buy with an average price target of $30.00, an 118.5% upside from current levels. In a report issued on February 10, Needham also reiterated a Buy rating on the stock with a $25.00 price target.

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The company has a one-year high of $32.62 and a one-year low of $13.00. Currently, Udemy, Inc. has an average volume of 471.6K.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UDMY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Udemy Inc operates a marketplace platform at the center of a vibrant knowledge network. The platform provides over 44 million learners with access to over 183,000 courses in 75 languages and over 180 countries.

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