Coursera jumps on strong demand for AI courses
26/07/2024 10:38
** Online learning platform Coursera's COUR.N shares up
24% to $9.20 premarket
** Company beat Wall Street's Q2 revenue and profit
estimates
** Coursera says it surpassed more than 2 mln enrollments in
generative AI catalog and launched record number of entry-level
professional certificates from companies including IBM, Meta and
Microsoft
** Company added a new user every minute on average for its
AI courses in 2023, CEO Jeff Maggioncalda said in January
** Average rating of 13 brokerages covering stock is "buy",
median PT $15 - LSEG
** Company, with a market cap of $1.16 bln based on
Thursday's close, has lost 60% of its market value this year
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))