Coursera price target lowered to $13 from $20 at BMO Capital

BMO Capital lowered the firm’s price target on Coursera to $13 from $20 but keeps an Outperform rating on the shares after its Q1 results and below consensus guidance. The management noted weaker trends in North America paid learners, coupled with a late program launch impacting the segment, the analyst tells investors in a research note. BMO adds however that while growth has decelerated from the “pandemic-fueled Ed-Tech heyday”, the company is still poised for robust revenue growth ahead.