In the first half of 2021, global edtech investments in startups totaled more than $10 billion, up from $7 billion in 2019. Investors are pouring money into companies that could benefit from a pandemic economy, as virus concerns have crept into the stock market. By 2026, the market for online courses will be worth $18 billion. This number might more than double or quadruple this year depending on the viral lockdowns. Virtual reality and learning management systems are becoming increasingly important in distinguishing the best from the others.
Here is Insider Monkey’s list of the 10 online education stocks to buy. Chegg, Inc. is a learning platform owner and operator. Dan Rosensweig, the company’s CEO, recently admitted that the company has seen a brief glitch in performance. With 999,122 shares worth more than $67 million, Polar Capital is Chegg’s largest stakeholder. Stride, Inc. is a company that provides technology-based education services. The organization reported a significant rise in enrollments, owing to increased interest in the Career Learning program. Citi analyst Thomas Singlehurst commenced coverage in September with a Buy rating and a $65. price target. Zoom Video Communications, Inc. is a video-first communications company that owns and operates a platform. Zoom’s CFO Kelly Steckelberg stated that the company’s focus was on the launch of new products rather than the “stock price,” an apparent allusion to the company’s stock price’s year-to-date decline. RingCentral, Inc. provides software-as-a-service solutions. The company recently announced that it would be paying $650 million to Mitel, a communications firm, in a strategic deal to purchase patents covering network management, security, and infrastructure. Needham analyst Ryan Koontz recently maintained a Buy rating on RingCentral, Inc. stock and raised the price target to $400 from $360, appreciating the stellar third quarter earnings report of the company. Earlier this year, the company reached a quarterly revenue milestone of $100 million. At the end of the third quarter of 2021, 25 hedge funds in Insider Monkey’s database had positions in Coursera, Inc. totaling $173 million. For more details, click 10 Online Education Stocks To Buy.
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