Coursera jumps after BofA starts with 'buy' rating
19/09/2024 15:15
** Shares of online learning platform Coursera COUR.N rise
8.4% to $8.29
** Brokerage BofA Global Research initiates coverage with
"buy" rating and price objective of $11
** BofA says it is constructive on COUR's long-term growth
as the upskilling market expands
** COUR's increased focus on proprietary content could widen
its defenses via platform-exclusive courses with better revenue
share economics - brokerage
** "We think growing global demand for AI skilling among
Enterprises could boost new subscriptions and increase spend for
existing clients," brokerage says
** Average rating of 14 analysts covering the stock is
"buy", their median PT is $15 - LSEG data
** Up to last close, stock down ~61% YTD
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))