Citi analyst Thomas Singlehurst lowered the firm’s price target on Coursera (COUR) to $15 from $30 and keeps a Buy rating on the shares. The firm cites lower forecasts and marking to market its sum-of-the-parts valuation for the target cut. Even if the company has done a good job defending, and even expanding, adjusted EBITDA there are fundamental question marks around whether Coursera has gone ex-growth. Citi thinks these concerns are misplaced, saying the medium-term opportunity in Enterprise is significant despite recent pressures.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on COUR:
- Coursera price target lowered to $12 from $20 at Loop Capital
- Coursera price target lowered to $11 from $12 at KeyBanc
- Coursera price target lowered to $15 from $18 at Telsey Advisory
- Coursera price target lowered to $10 from $18 at RBC Capital
- Coursera price target lowered to $10 from $22 at Cantor Fitzgerald
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
