In a report released on February 2, Jeffrey Silber from BMO Capital maintained a Buy rating on Coursera (COUR – Research Report), with a price target of $24.00.
Jeffrey Silber’s rating is based on a robust financial performance and promising strategic initiatives by Coursera. The company reported impressive fourth-quarter revenue and its first quarter of positive adjusted EBITDA, surpassing both consensus and BMO Capital’s own estimates. The growth was consistent across all segments but was particularly strong in the Consumer division. Additionally, Coursera’s guidance for 2024 exceeded analyst expectations, suggesting a positive outlook for the company’s financial future. Silber’s raised estimates reflect an anticipation of a favorable market response to these developments.
Moreover, Silber sees Coursera’s engagement in AI education as a strategic advantage that could serve as a significant tailwind. The company has demonstrated substantial interest and growth in registered learners for its AI-related content, especially with the introduction of the Gen AI Academy. The platform’s ability to attract learners and convert them to paid users through its flywheel model, combined with a low-cost operational structure, positions Coursera for continued revenue growth and potential margin expansion, which underpins the Buy rating.
In another report released on February 2, Loop Capital Markets also maintained a Buy rating on the stock with a $25.00 price target.
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Coursera (COUR) Company Description:
Coursera Inc is a global online learning platform that offers anyone, anywhere access to online courses and degrees from world-class universities and companies. It combines content, data, and technology into a single, unified platform that is customizable and extensible to both individual learners and institutions. The platform will contains a catalog of high-quality content and credentials, content developed by leading university and industry partners, data and machine learning drive personalized Learning, effective marketing, and skills Benchmarking and others.
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