BofA raised the firm’s price target on Udemy to $14 from $13 and keeps a Buy rating on the shares after the company’s consumer segment aided in a Q3 revenue and EBITDA beat. Udemy will likely continue benefitting from a secular shift to skills training and the firm remains positive on the traction of the Enterprise segment, the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on UDMY:
- Udemy reports Q3 EPS 5c, consensus (2c)
- Udemy Reports Third Quarter 2023 Results and Raises Full-Year Outlook
- Udemy Report Reveals Trends Around the Future of Work, Generative AI and the Shift Toward a Skills-Based Economy
- Udemy Celebrates Global Reach and Impact of Instructors with Documentary-Style Video
- Udemy reinstated with a Buy at BofA