Udemy's Partnership with Emtrain: A Valuation Analysis

Udemy has partnered with Emtrain to expand enterprise compliance and workplace culture training. Despite positive momentum, shares have struggled, with a total shareholder return of -36% over the last year. Analysts estimate a fair value of $10.17, suggesting the market is undervaluing the company's potential. The most influential narrative driving expectations is the acceleration of global upskilling and workforce reskilling due to AI adoption.