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COUR Coursera News Story

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TechnologyAdventurousMid CapFalling Star

Coursera soars on annual revenue forecast raise

** Shares of e-leaning platform Coursera COUR.N surge 26% to $11.46 premarket

** Co raises annual revenue forecast to between $738-$746 mln, up from previous forecast of between $720-$730 mln

** Q2 revenue, profit beat analysts' expectations - data compiled by LSEG

** At least three brokerages raise PTs on the stock

** Needham says Generative AI courses attract new learners, fuelling demand, and new AI features give COUR levers for consumer segment growth

** Improvement in gross margin and improving AI efficiencies resulting in faster than expected EBITDA margin expansion - Needham

** Average rating of 15 analysts is a "buy", median PT at $12 - LSEG

** Stock up nearly 7% YTD, till last close

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))

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