Truist cuts Coursera to Hold, sees persistent losses limiting investor interest

As previously reported, Truist analyst Terry Tillman downgraded Coursera to Hold from Buy with a price target of $12, down from $17.50. The analyst notes that the company’s incremental expenses and investments related to its largest content partner materially impact Coursera’s path to profitability and could limit new investor interest. Truist further warns that the updated guidance provided by U.S. Department of Education related to Third-Party Servicers and institutions could create uncertainty for several segments of Coursera’s business.