William Blair analyst Stephen Sheldon has maintained their bullish stance on COUR stock, giving a Buy rating on October 20.
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Stephen Sheldon’s rating is based on Coursera’s strong third-quarter performance, which exceeded expectations in both revenue and profit. The company experienced significant growth in its consumer segment, adding 7.7 million registered learners, the highest since mid-2020, and achieving a 13% year-over-year increase in consumer revenue. This positive momentum in the consumer segment has been a key driver for Coursera’s overall revenue acceleration.
Additionally, Coursera’s management has increased its full-year guidance, projecting revenue growth supported mainly by the consumer segment. Despite some volatility in the enterprise segment, the company’s free cash flow generation remained robust, and adjusted EBITDA and EPS figures surpassed both the firm’s and consensus estimates. These factors, combined with the potential for continued revenue and profit outperformance, underpin Sheldon’s optimistic outlook and Buy rating for Coursera’s stock.
In another report released on October 20, Needham also reiterated a Buy rating on the stock with a $14.00 price target.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COUR in relation to earlier this year.