Telsey Advisory Group Maintains Outperform on Coursera, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Sarang Vora maintains an Outperform rating on Coursera (NYSE:COUR) but lowers the price target from $25 to $18.
April 30, 2024 | 11:47 am
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Coursera's Outperform rating is maintained by Telsey Advisory Group, but the price target is reduced from $25 to $18.
The reduction in price target by Telsey Advisory Group, despite maintaining an Outperform rating, could lead to short-term negative sentiment among investors. This adjustment reflects a more cautious outlook on Coursera's future stock performance, potentially due to revised growth expectations or market conditions. Investors might interpret the lowered price target as a signal of reduced confidence in the company's near-term growth prospects, which could pressure the stock price downward in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100