Why Are Coursera Shares Surging Today?

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Zinger Key Points
  • Coursera's earnings of 9 cents per share and quarterly sales of $170.34 million surpassed analyst estimates.
  • he company received positive ratings from multiple analysts and reported over 2 million enrollments in its generative AI catalog.
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Coursera, Inc. COUR shares are moving higher on Friday after the company reported better-than-expected second-quarter earnings results.

What’s Going On: Coursera reported quarterly earnings of 9 cents per share, significantly surpassing the analyst consensus estimate of 1. The company posted quarterly sales of $170.34 million, exceeding the analyst consensus estimate of $164.41 million.

Additionally, Coursera surpassed 2 million enrollments in its generative AI catalog and launched a record number of entry-level Professional Certificates from industry leaders like Google Cloud, IBM Corp. IBM, Meta Platforms and Microsoft Corp MSFT.

Analyst Ratings:

  • Needham analyst Ryan MacDonald reiterated a Buy rating and maintained a $15 price target.
  • Telsey Advisory Group analyst Sarang Vora maintained an Outperform rating and a $18 price target.
  • RBC Capital analyst Rishi Jaluria reiterated an Outperform rating and maintained an $18 price target.
  • Goldman Sachs analyst Eric Sheridan maintained a Sell rating and lowered the price target from $10.5 to $9.
  • BMO Capital analyst Jeffrey Silber maintained an Outperform rating and raised the price target from $10 to $11.
  • Cantor Fitzgerald analyst Brett Knoblauch maintained an Overweight rating and raised the price target from $21 to $22.

COUR Price Action: Coursera shares have climbed by 46.3% to $10.84 according to Benzinga Pro.

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