The shares of Udemy Inc (NASDAQ: UDMY) have received a $24 price target from Piper Sandler. And Piper Sandler analyst Arvind Ramnani reduced the price target on Udemy from $34 while maintaining an “Overweight” rating on the shares.
Ramnani had reduced the price targets on 20 vertical software and fintech stocks following multiple reset and estimate revisions. And while some of the sector’s 26% pullback since the start of November is warranted, the risk/reward is attractive on higher-quality names as fundamentals and underlying business drivers remain intact.
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