BUZZ-Coursera jumps after Q1 results beat

Reuters
26 Apr
BUZZ-Coursera jumps after Q1 results beat

** Shares of e-learning platform Coursera COUR.N jump 12.4% at $8.65, trading at more than two-month highs

** Co posts Q1 adj. EPS of 12 cents vs analysts' expectations of 8 cents - data compiled by LSEG

** Q1 revenue of $179.30 mln beats Wall Street estimate of $175.40 mln

** J.P.Morgan raises PT to $8 from $7, says emergence of AI and transformation of higher education driving shift towards online education and skills market

** RBC raises PT to $10 from $8; believes pandemic has created lasting tailwinds for co, sees room for more educational degrees to be fully online

** At least three brokerages raise their PTs on the stock

** Nine analysts rate stock "buy" or higher, four "hold" and two "sell"; median PT is $10 -LSEG

** Including current session moves, COUR up 1.9% YTD

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10