Needham Reiterates Buy Rating on Coursera Inc (COUR)

Needham analyst Ryan MacDonald reiterated a Buy rating and $14.00 price target on Coursera Inc (NYSE: COUR).

The analyst commented: 'We reiterate our Buy rating on COUR ahead of 3Q earnings. COUR is coming off a stronger than expected 2Q print in which both consumer and enterprise segment growth accelerated. COUR reiterated FY revenue guidance of $738mm - $746mm, along with FY EBITDA margin guidance of 8.0%. We believe profitability will continue to be in focus in 3Q, alongside growth within the consumer segment, particularly given the recent partnership announcement with OpenAI, which creates an attractive top-of-funnel opportunity. Within the enterprise segment, investor focus will remain on the trajectory of NRR, as well as updates to enterprise segment strategy given the company's new leadership hire. Finally, with a CFO transition in process, investors will be focused on COUR's current FY25 outlook. We expect at least a reiteration ahead of a new CFO being named."

For an analyst ratings summary and ratings history on Coursera Inc click here. For more ratings news on Coursera Inc click here.

Shares of Coursera Inc closed at $10.03 yesterday.

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