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Coursera upgraded to Neutral at BofA following beat and raise report

As previously reported, BofA analyst Nafeesa Gupta upgraded Coursera (COUR) to Neutral from Underperform with a price target of $12, up from $7, following a Q3 beat and management raising FY25 guidance. Following the beat and raise report, the firm increased multiples given a stronger growth outlook and margin potential, while also factoring in some market led multiple re-rating on reduced macro and tariff uncertainty, but argues that the after-hours price of $11 prices in upside.

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