Udemy Stock Plunges 5.96% to Record Low on Analyst Downgrade

Udemy's stock price plummeted to a record low today, with an intraday decline of 5.96%. The company's shares have been on a downward spiral, dropping 4.30% today and marking the fourth consecutive day of decline, with a total loss of 26.84% over the past four days.

Udemy's recent stock performance has been significantly impacted by a series of negative analyst ratings and revised financial estimates. On April 8, 2025, Truist downgraded Udemy's stock from a "Buy" to a "Hold" rating, lowering the price target from $10 to $7. This downgrade was accompanied by reduced revenue projections, reflecting a pessimistic outlook on the company's financial health. The downgrade was further supported by negative return on equity and net margins, with analysts predicting an earnings per share of -0.09, adding to the overall cautious sentiment surrounding the stock.