Coursera, Inc. (NYSE:COUR) shares are moving higher on Friday after the company reported better-than-expected second-quarter earnings results.
What’s Going On: Coursera reported quarterly earnings of 9 cents per share, significantly surpassing the analyst consensus estimate of 1. The company posted quarterly sales of $170.34 million, exceeding the analyst consensus estimate of $164.41 million.
Additionally, Coursera surpassed 2 million enrollments in its generative AI catalog and launched a record number of entry-level Professional Certificates from industry leaders like Google Cloud, IBM Corp. (NYSE:IBM), Meta Platforms and Microsoft Corp (NASDAQ:MSFT).
Analyst Ratings:
- Needham analyst Ryan MacDonald reiterated a Buy rating and maintained a $15 price target.
- Telsey Advisory Group analyst Sarang Vora maintained an Outperform rating and a $18 price target.
- RBC Capital analyst Rishi Jaluria reiterated an Outperform rating and maintained an $18 price target.
- Goldman Sachs analyst Eric Sheridan maintained a Sell rating and lowered the price target from $10.5 to $9.
- BMO Capital analyst Jeffrey Silber maintained an Outperform rating and raised the price target from $10 to $11.
- Cantor Fitzgerald analyst Brett Knoblauch maintained an Overweight rating and raised the price target from $21 to $22.
COUR Price Action: Coursera shares have climbed by 46.3% to $10.84 according to Benzinga Pro.
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