Fintel reports that on July 28, 2023, Cantor Fitzgerald upgraded their outlook for Coursera (NYSE:COUR) from Neutral to Overweight .
Analyst Price Forecast Suggests 14.80% Upside
As of July 6, 2023, the average one-year price target for Coursera is 17.58. The forecasts range from a low of 12.12 to a high of $31.50. The average price target represents an increase of 14.80% from its latest reported closing price of 15.31.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Coursera is 636MM, an increase of 9.75%. The projected annual non-GAAP EPS is -0.35.
What is the Fund Sentiment?
There are 353 funds or institutions reporting positions in Coursera. This is an increase of 12 owner(s) or 3.52% in the last quarter. Average portfolio weight of all funds dedicated to COUR is 0.25%, a decrease of 44.79%. Total shares owned by institutions decreased in the last three months by 9.85% to 98,994K shares. 
The put/call ratio of COUR is 0.22, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 18,054K shares representing 11.98% ownership of the company. In it's prior filing, the firm reported owning 18,743K shares, representing a decrease of 3.82%. The firm decreased its portfolio allocation in COUR by 61.20% over the last quarter.
NEA Management Company holds 12,868K shares representing 8.54% ownership of the company. In it's prior filing, the firm reported owning 15,868K shares, representing a decrease of 23.31%. The firm decreased its portfolio allocation in COUR by 2.87% over the last quarter.
Caledonia (Private) Investments Pty holds 7,513K shares representing 4.99% ownership of the company. In it's prior filing, the firm reported owning 7,515K shares, representing a decrease of 0.02%. The firm decreased its portfolio allocation in COUR by 18.74% over the last quarter.
VWUSX - Vanguard U.S. Growth Fund Investor Shares holds 5,184K shares representing 3.44% ownership of the company. No change in the last quarter.
Eventide Asset Management holds 3,403K shares representing 2.26% ownership of the company. In it's prior filing, the firm reported owning 3,369K shares, representing an increase of 0.99%. The firm decreased its portfolio allocation in COUR by 8.48% over the last quarter.
Coursera Background Information
(This description is provided by the company.)
Coursera was launched in 2012 by two Stanford Computer Science professors, Andrew Ng and Daphne Koller, with a mission to provide universal access to world-class learning. It is now one of the largest online learning platforms in the world, with 77 million registered learners. Coursera partners with over 200 leading university and industry partners to offer a broad catalog of content and credentials, including Guided Projects, courses, Specializations, certificates, and bachelor’s and master’s degrees. More than 6,000 institutions have used Coursera to upskill and reskill their employees, citizens, and students, including in high-demand fields such as data science,
Additional reading:
- Coursera Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except shares and per share data)
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- Amended and Restated Non-Employee Director Compensation Policy of the Board of Directors of Coursera, Inc.
- List of Subsidiaries of Coursera, Inc.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
