Udemy (UDMY) Stock Forecast & Price Target

$8.33

+0.39 (+4.91%)

(As of 12:13 PM ET)

Udemy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings

Based on 12 Wall Street analysts who have issued ratings for Udemy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 5 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for UDMY.

Consensus Price Target

$12.38
48.56% Upside

High Forecast	$18.00
Average Forecast	$12.38
Low Forecast	$8.50

According to the 12 analysts' twelve-month price targets for Udemy, the average price target is $12.38. The highest price target for UDMY is $18.00, while the lowest price target for UDMY is $8.50. The average price target represents a forecasted upside of 48.56% from the current price of $8.33.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$12.38	$12.38	$13.90	$13.50
Forecasted Upside	48.56% Upside	36.48% Upside	25.83% Upside	22.11% Upside

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UDMY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

UDMY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Udemy Stock vs. The Competition

Type	Udemy	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.67	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	51.65% Upside	2,475.34% Upside	6.71% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/13/2024	Cantor Fitzgerald 3 of 5 stars	Y. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/8/2024	Canaccord Genuity Group 1 of 5 stars		Initiated Coverage	Buy	$12.00	+70.45%
8/2/2024	Truist Financial 1 of 5 stars		Lower Target	Buy ➝ Buy	$15.00 ➝ $10.00	+36.43%
8/1/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$15.00 ➝ $15.00	+100.00%
8/1/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$8.50	+9.82%
8/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$13.00 ➝ $11.00	+19.05%
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7/22/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$14.00 ➝ $13.00	+51.16%
4/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$14.00 ➝ $11.00	+7.00%
4/19/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$15.00 ➝ $13.00	+30.26%
2/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$11.00 ➝ $12.00	+1.95%
2/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$13.00	-7.21%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:52 PM ET.

UDMY Forecast - Frequently Asked Questions

What is Udemy's forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Udemy is $12.38, with a high forecast of $18.00 and a low forecast of $8.50.
Should I buy or sell Udemy stock right now?: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Udemy in the last year. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" UDMY shares.
Does Udemy's stock price have much upside?: According to analysts, Udemy's stock has a predicted upside of 36.48% based on their 12-month stock forecasts.
Has Udemy been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Udemy's stock had 1 upgrade and 1 downgrade by analysts.
What analysts cover Udemy?: Udemy has been rated by research analysts at Bank of America, Canaccord Genuity Group, Canaccord Genuity Group, Cantor Fitzgerald, KeyCorp, Needham & Company LLC, Robert W. Baird, and Truist Financial in the past 90 days.
Do Wall Street analysts like Udemy more than its competitors?: Analysts like Udemy more than other "computer and technology" companies. The consensus rating score for Udemy is 2.67 while the average consensus rating score for "computer and technology" companies is 2.65. Learn more on how UDMY compares to other companies.