Coursera price target raised to $21 from $19 at Needham

Needham raised the firm’s price target on Coursera to $21 from $19 and keeps a Buy rating on the shares. The company reported strong Q3 results in which revenue and adjusted EBITDA came in ahead of consensus estimates, the analyst tells investors in a research note. Strength in the quarter was driven by Coursera’s consumer segment, which delivered its 3rd straight quarter of revenue growth acceleration, primarily due to the company’s growing number of professional certifications, the firm added.