Coursera (COUR)
NYSE:COUR
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Coursera
(NYSE:COUR)
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Rating:67Neutral
Price Target:
$6.00
▲(7.14% Upside)
Action:ReiteratedDate:04/10/26
The score is primarily supported by improving fundamentals—strong cash generation and a conservatively financed balance sheet—alongside constructive 2026 EBITDA/FCF outlook from management. It is held back by weak technical momentum (price below key moving averages with negative MACD) and valuation uncertainty due to a negative P/E, with additional execution risk around the Udemy transaction despite positive regulatory/shareholder milestones.
Positive Factors
Conservative balance sheet and strong liquidity
Coursera’s very low leverage and large cash reserves provide durable financial flexibility to fund product investments, absorb cyclicality, and pursue strategic options (buybacks, M&A). A conservatively financed balance sheet reduces refinancing risk and supports multi-quarter execution on strategy.
Negative Factors
Still unprofitable on operating and net basis
Despite margin improvements, continued operating and net losses mean profitability is not yet fully durable. Persistent negative returns on equity require sustained margin gains and revenue quality improvements to convert cash generation into stable, long‑term earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and strong liquidity
Coursera’s very low leverage and large cash reserves provide durable financial flexibility to fund product investments, absorb cyclicality, and pursue strategic options (buybacks, M&A). A conservatively financed balance sheet reduces refinancing risk and supports multi-quarter execution on strategy.
Read all positive factors
Coursera (COUR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$948.16M
Dividend YieldN/A
Average Volume (3M)3.98M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth8.10%
EPS Growth43.35%
CountryUS
Employees1,260
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)0.06
Shares Outstanding169,313,600
10 Day Avg. Volume2,586,679
30 Day Avg. Volume3,978,610
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)1.90
Price to Sales (P/S)1.59
P/FCF Ratio11.25
Enterprise Value/Market Cap0.12
Enterprise Value/Revenue0.15
Enterprise Value/Gross Profit0.28
Enterprise Value/Ebitda-4.40
Forecast
1Y Price Target
$9.40Price Target Upside67.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)0.44
Revenue Forecast (FY)$810.16M
Coursera Business Overview & Revenue Model
Company Description
Coursera, Inc. operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, soci...
How the Company Makes Money
Coursera generates revenue primarily by selling access to online learning content and credential programs across consumer, enterprise, and degree channels. In its consumer business, it earns money from subscriptions (e.g., Coursera Plus) and fees ...
Coursera Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call presented a largely positive financial and operational picture: revenue growth, margin expansion, record free cash flow, rapid learner and catalog expansion, accelerating AI-related demand, strong cash reserves, and clear strategic initiatives (platform fee, product investments, Udemy combination). Offsetting items include slower enterprise growth and below-target net retention (93%), a degrees-related headwind, near-term revenue recognition timing effects from subscription mix, and transaction-related costs and timing uncertainty. Overall, the company showed tangible progress and a constructive outlook while acknowledging measurable enterprise challenges and transitional near-term headwinds.Positive Updates
Full-Year Revenue Growth
Reported full-year 2025 revenue of $757 million, up 9% year-over-year (more than double the 4% growth rate in the initial April outlook).
Negative Updates
Enterprise Segment Performance and Retention
Enterprise revenue in Q4 grew only 5% YoY to $65.4 million. Paid enterprise customers increased 7% to 1,730, but net retention rate for paid enterprise customers was 93% — an improvement but below the >100% level management desires, with sustained improvement expected to be measured and likely back-weighted to later periods.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue Growth
Reported full-year 2025 revenue of $757 million, up 9% year-over-year (more than double the 4% growth rate in the initial April outlook).
Read all positive updates
Company Guidance
Coursera provided stand‑alone 2026 guidance (excluding the proposed Udemy transaction) calling for Q1 revenue of $193–197 million (up 8–10% YoY) with Q1 adjusted EBITDA of $11–15 million, and full‑year revenue of $805–815 million (up ~6–8% YoY) with adjusted EBITDA of $70–76 million (about a 9% margin at the midpoint). Management expects consumer segment growth of >10% (partially offset by a ~100‑bp headwind from degrees) and enterprise growth in the low single digits, and said 2026 results will be weighted to the second half as early‑year investments are deployed and the new 15% platform fee on eligible new sales (effective Jan 1) begins to flow through (consumer margin benefit in H2 2026, enterprise margin benefit in 2027). They also reiterated free cash flow should generally track at or above adjusted EBITDA (excluding deal‑related cash), disclosed approximately $14 million of transaction‑related cash payments in Q1, and noted anticipated run‑rate cost synergies of $115 million within 24 months of close (a majority achievable in year one).Coursera Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
77
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 757.50M | 694.67M | 635.76M | 523.76M | 415.29M |
| Gross Profit | 413.40M | 371.41M | 329.77M | 331.48M | 249.47M |
| EBITDA | -17.10M | -79.19M | -129.13M | -148.73M | -128.33M |
| Net Income | -51.00M | -79.53M | -116.55M | -175.36M | -145.22M |
Balance Sheet | |||||
| Total Assets | 1.00B | 930.27M | 920.53M | 947.60M | 958.91M |
| Cash, Cash Equivalents and Short-Term Investments | 792.60M | 727.70M | 722.07M | 780.96M | 821.77M |
| Total Debt | 5.00M | 3.06M | 6.60M | 14.45M | 19.89M |
| Total Liabilities | 364.30M | 332.85M | 304.34M | 253.02M | 217.40M |
| Stockholders Equity | 635.70M | 597.42M | 616.19M | 694.58M | 741.51M |
Cash Flow | |||||
| Free Cash Flow | 107.20M | 93.78M | 13.24M | -51.93M | -11.90M |
| Operating Cash Flow | 108.70M | 95.36M | 29.64M | -38.05M | 1.75M |
| Investing Cash Flow | -30.20M | 29.90M | 384.80M | -234.02M | -51.61M |
| Financing Cash Flow | -13.50M | -54.94M | -79.23M | 12.23M | 550.16M |
Coursera Technical Analysis
Negative
5.60
Price Trends
6.02
Negative
6.78
Negative
8.56
Negative
Market Momentum
-0.11
Positive
41.56
Neutral
35.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COUR, the sentiment is Negative. The current price of 5.6 is below the 20-day moving average (MA) of 5.86, below the 50-day MA of 6.02, and below the 200-day MA of 8.56, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 41.56 is Neutral, neither overbought nor oversold. The STOCH value of 35.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for COUR.
Coursera Risk Analysis
Coursera disclosed 1 risk factors in its most recent earnings report. Coursera reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Coursera Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $9.59B | 45.98 | 10.04% | 1.03% | 7.22% | -2.84% | |
73 Outperform | $4.56B | 21.44 | 28.22% | ― | 7.05% | -2.63% | |
67 Neutral | $948.16M | -23.64 | -8.12% | ― | 8.10% | 43.35% | |
64 Neutral | $4.78B | 16.28 | 6.53% | 0.65% | 4.13% | 228.37% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | $651.84M | 227.74 | 1.74% | ― | 2.53% | 95.79% |
* Consumer Defensive Sector Average
COUR
Coursera
5.60
-1.19
-17.53%
LOPE
Grand Canyon Education
167.99
-4.41
-2.56%
EDU
New Oriental Education Tech
57.20
14.65
34.41%
GHC
Graham Holdings
1,100.01
196.74
21.78%
UDMY
Udemy Inc
4.47
-1.63
-26.72%
Coursera Corporate Events
M&A TransactionsShareholder Meetings
Coursera Shareholders Approve Udemy Merger and Stock Increase
Positive
Apr 9, 2026
On December 17, 2025, Coursera, Inc. entered into a merger agreement with online learning peer Udemy, Inc., under which a Coursera subsidiary will merge with Udemy, leaving Udemy as a wholly owned subsidiary of Coursera. At a special shareholder m...
Financial DisclosuresLegal ProceedingsM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
Coursera Advances Udemy Merger with Supplemental Disclosures
Neutral
Mar 31, 2026
On December 17, 2025, Coursera agreed to merge its wholly owned subsidiary with Udemy in an all-stock transaction that will leave Udemy as a direct, wholly owned subsidiary of Coursera, with key regulatory filings made between February 25 and Marc...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Coursera Advances Udemy Merger After Antitrust Clearance
Positive
Feb 10, 2026
On December 17, 2025, Coursera, Inc. entered into a Merger Agreement with Udemy, Inc. and a Coursera subsidiary to combine the two online learning platforms in an all-stock transaction. The deal aims to create a larger, integrated digital educatio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.