Analyst Jeffrey Silber from BMO Capital maintained a Buy rating on Coursera and keeping the price target at $13.00.
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Jeffrey Silber has given his Buy rating due to a combination of factors that highlight Coursera’s promising financial and strategic position. The company reported third-quarter revenues and adjusted EBITDA that surpassed expectations, with revenues reaching $194 million, which is a 10% year-over-year increase. This performance was largely driven by the strength of Coursera Plus, a subscription-based service that has become a significant contributor to the Consumer segment’s revenue.
Moreover, Coursera’s recent partnership with ChatGPT is expected to enhance brand awareness and drive organic traffic, potentially leading to further growth. The company’s efforts to monetize its product offerings more effectively suggest a trajectory of steady growth. Additionally, the raised guidance for 2025, with revenues projected between $750 million and $754 million, reflects confidence in the company’s ability to sustain its growth momentum. These factors collectively underpin the Buy rating, indicating a positive outlook for Coursera’s future performance.
In another report released today, Needham also reiterated a Buy rating on the stock with a $14.00 price target.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COUR in relation to earlier this year.