(Updates)

** Online learning platform Coursera's shares fall 7.8% to $7.02

** Stock lost over 17% earlier in the session, hitting record low of $6.29

** Co sees FY24 revenue of $690 mln-$694 mln vs prior view of $695 mln-$705 mln, on weaker consumer retention and drop in net revenue retention at enterprise business

** Raises FY24 adj. EBITDA forecast to $36.5 mln-38.5 mln vs earlier forecast of $24 mln-28 mln

** Forecasts Q4 revenue of $174 mln-$178 mln

** COUR announces expense reduction initiative; plans to reduce global workforce by about 10%

** At least five brokerages cut stock's PT

** Morgan Stanley cuts PT to $10 from $15, maintains "overweight" rating

** We are confident in Coursera's ability to deliver continued annual margin expansion, even off of the raised 2024 EBITDA guidance, brokerage says

** Avg. rating of analysts covering stock is "buy"; median PT is $11 - LSEG data

** Including session's move, stock down ~64% YTD

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))