Ryan MacDonald, an analyst from Needham, maintained the Buy rating on Coursera (COUR – Research Report). The associated price target remains the same with $15.00.
Ryan MacDonald has given his Buy rating due to a combination of factors that indicate a positive outlook for Coursera’s performance. Firstly, MacDonald acknowledges Coursera’s efforts in enhancing its consumer content and the initiatives it has launched aimed at driving recovery in this segment. These efforts are seen as a pivotal move to strengthen Coursera’s market position and capitalize on the growing demand for online learning. Additionally, despite a temporary stall, there is observable demand for general AI training within Coursera’s business offerings, which suggests a potential growth area for the company as these services gain traction.
Furthermore, MacDonald recognizes Coursera’s strategic approach to its degree programs, emphasizing the company’s focus on ensuring product-market fit. This indicates that Coursera is not only expanding its offerings but is also keen on aligning them closely with market needs and student demands. Such alignment is crucial for long-term sustainability and success in the competitive online education sector. MacDonald’s rating reflects his confidence in Coursera’s strategic initiatives and their expected positive impact on the company’s future growth and profitability.
In another report released on May 10, BMO Capital also reiterated a Buy rating on the stock with a $13.00 price target.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
Coursera (COUR) Company Description:
Coursera Inc is a global online learning platform that offers anyone, anywhere access to online courses and degrees from world-class universities and companies. It combines content, data, and technology into a single, unified platform that is customizable and extensible to both individual learners and institutions. The platform will contains a catalog of high-quality content and credentials, content developed by leading university and industry partners, data and machine learning drive personalized Learning, effective marketing, and skills Benchmarking and others.
