Coursera price target raised to $22 from $20 at Telsey Advisory

Telsey Advisory analyst Sarang Vora raised the firm’s price target on Coursera to $22 from $20 and keeps an Outperform rating on the shares. The company reported “strong” Q3 results and provided better-than-expected Q4 guidance, which was largely due to the ongoing strength in its Consumer division, the analyst tells investors. The firm believes Coursera is in the early stages of a multi-year global expansion, supported by the shift to online education and the company’s freemium business model.