Canaccord raised the firm’s price target on Udemy (UDMY) to $14 from $12 and keeps a Buy rating on the shares. The firm said they reported solid Q4 results, with both revenue and profitability coming in ahead of expectations. The company is encouraged by early progress amid the ongoing evolution of its go-to-market strategy, with notable momentum closing large Enterprise deals complemented by strong uptake of recently introduced AI tools, and Udemy continues to expand its capabilities with soft skills to drive deeper penetration within its existing customer base.
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