Coursera price target lowered to $9 from $10 at BMO Capital

BMO Capital analyst Jeffrey Silber lowered the firm’s price target on Coursera (COUR) to $9 from $10 and keeps an Outperform rating on the shares. The company’s Q3 results were better than expected with the adjusted EBITDA beat driven by more selective spending, though consumer trends weakened with retention issues expected to drag into Q4, while the Enterprise net retention revene fell given Government contract run-off, the analyst tells investors in a research note. BMO adds however that it is still seeing “stabilization” in corporate learning.