Coursera Up After Analysts Pile on the Buy Ratings By

© Reuters.

By Christiana Sciaudone — Coursera got a nice boost from analysts who initiated the online class provider at a buy rating.

Shares are up 3% after most firms rated it highly. Coursera went public at the end of last month, and shares have dropped some 15% since hitting a high in early April.

and aims to give universal access to top quality education. It has about 77 million registered learners and offers a variety of courses and certificates at various price points.

Morgan Stanley (NYSE:) and Needham both see long-term growth of 25%, with the former saying it’s not reflected in the price action, StreetInsider reported.   

Similarly, Needham & Company analyst Ryan MacDonald 

“Given the increasing role of automation, the widening skills gap, and the shift to online learning, we believe Coursera’s comprehensive platform will help it gain share in a large TAM that we size between $47B-$50.6B,” said Needham’s Ryan MacDonald, according to StreetInsider. “While the COVID-driven tailwind to registered learner growth in FY20 creates a difficult consumer segment comp in FY21, we believe Coursera’s efficient GTM motion and shift towards higher value enterprise and degrees offerings can drive durable 25%+ growth and gross margin expansion.” 

Goldman Sachs (NYSE:) and Raymond James were less enthusiastic, initiating the stock at a neutral-equivalent rating.

Raymond James’s Brian Peterson cited the company’s valuation for its rating, though it is also encouraged by long-term prospects with monetization just getting started. 




Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button