Coursera’s target price fell as the online education market grew

Coursera’s target price fell as the online education market grew

Platforms like Coursera (NYSE: ) have contributed to the constant development of the education technology industry. COUR) is making significant progress in providing high-quality online education. Coursera has recently attracted investors, analysts, and customers alike, but recent reports suggest that the company’s target price has dropped.

Coursera’s target price has been reduced from $14.00 to $13.00 in a research report from Cantor Fitzgerald dated April 29, 2023. The new price objective would indicate a potential upside of 24.05 percent from the stock’s current price, according to the report, which was distributed to investors and clients on Friday.

The analysis follows Coursera’s Thursday, February 9 announcement of quarterly earnings data. Earnings per share were reported at ($0.28) for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Coursera’s revenue for the quarter, however, was $142.18 million, exceeding analyst expectations of $137.70 million.

Coursera’s low profitability margins, despite its growing user base, have been predicted by sell-side analysts to result in -0.89 EPS for the current year.

Coursera itself runs an educational content platform online that connects students, educators, and institutions around the world. It offers an expansive scope of online courses covering various regions like information science, business executives, PC sciences, sociologies, project the board as well as computerized showcasing administrations which draw in students from around the world.

It also offers campus student plans that extend degree courses and certification programs for people who are looking for a variety of professional development programs in their fields.

In conclusion, even though Cantor Fitzgerald analysts may lower Coursera’s target price, they remain optimistic due to the company’s continued provision of high-quality educational resources that have garnered support from emerging learners, educators, organizations, and institutions worldwide despite its recent profitability declaration challenges. People will continue to develop novel, high-value skills as a result of its connectivity initiatives, which will improve their chances of finding work in the future.

Coursera Receives Mixed Recommendations from Equity Analysts and Insider Selling 5d 1m 3m 6m 1y 2y 5y 10y Coursera Receives Mixed Recommendations from Equity Analysts and Insider Selling In recent times, the online education platform provided by Coursera has been the subject of a variety of evaluations from key equity analysts, some of which have downgraded the target price that the company has set for itself. Morgan Stanley set an “overweight” rating on the stock and lowered its price from $18.00 to $17.00, while KeyCorp lowered its target price from $19.00 to $17.00. Royal Bank of Canada and Telsey Advisory Group, on the other hand, reaffirmed their ratings, stating that they intended to do so with an “outperform” rating and price targets of $20.00 and $18.00, respectively.

Coursera’s stock prices have remained relatively stable since April 2023, when the news was published, despite the varying opinions of equity analysts. A moderate buy consensus rating indicates a likely rise close to the company’s average target price of $17.08.

Insiders have likewise given indications of selling, with Head Bookkeeping Official Michele M. Meyers selling 7,438 offers in the organization on April twentieth for an all-out worth of $75,644.46 at a typical expense of a little more than ten bucks for every offer which was a lot of lower than what KeyCorp had minimized their cost by; This seems to be against the buyers’ positions, which are generally optimistic about Coursera’s short-term prospects.

Coursera provides over 4000 online courses in fields such as data science and computer science; They have formed alliances with organizations both domestically and internationally in order to give businesses that want to improve the skills of their employees more options and more education options.

A few institutional financial backers have as of late purchased stakes in COUR shares while others sold theirs in correlation with Q1.
Strs Ohio increased its position in Coursera by more than a third in Q2, and Voya Investment Management LLC and a large number of other educational institutions recognized this as a promising opportunity.

In conclusion, Coursera Inc.’s education programs could very well prove to be a unique advantage for them in this very competitive market, despite the mixed investor opinions, modest ratings, and average consensus target price. It will be interesting to see how Coursera Inc. continues its growth trajectory.