Analyst Optimistic About Coursera's Resilient Enterprise Segment Amid Economic Pressure
Portfolio Pulse from Shivani Kumaresan
Needham analyst Ryan MacDonald reiterated a Buy rating on Coursera Inc (NYSE:COUR) with a price target of $19. Coursera reported a stronger-than-expected 2Q23, with revenue growing 23.2% y/y. The company added 5.7 million registered learners in 2Q23, ending the quarter with 129 million on the platform. Despite economic pressures, the enterprise segment remained resilient. Strength in other segments led to raised FY23 revenue and adjusted EBITDA guidance. COUR shares are trading higher by 14.4% at $14.89.
July 28, 2023 | 7:00 pm
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Coursera's stronger-than-expected 2Q23 results and resilient enterprise segment amid economic pressures have led to a Buy rating from Needham analyst. The company's shares are trading higher by 14.4%.
The positive rating from Needham analyst, along with the company's strong 2Q23 results and resilience in the enterprise segment despite economic pressures, are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100