RBC Capital raised the firm’s price target on Coursera to $25 from $20 and keeps an Outperform rating on the shares. The company delivered another strong beat-and-raise quarter as consumer continues to display counter-cyclical strength, the analyst tells investors in a research note. The firm adds that it sees a path to Enterprise stabilizing, driven by Campus and Government momentum.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on COUR:
- Coursera jumps 16% to $20.00 after Q3 results, guidance raise
- Coursera sees FY23 revenue $628M-$632M, consensus $621.13M.
- Coursera sees Q4 revenue $161M-$165M, consensus $161.23M.
- Coursera reports Q3 EPS (21c), consensus (7c)
- Morgan Stanley says new enrollment data most positive for Chegg, Instructure