Tiger Brokers

BUZZ-Coursera jumps after Q1 results beat

Reuters
Apr 26
BUZZ-Coursera jumps after Q1 results beat

** Shares of e-learning platform Coursera COUR.N jump 12.4% at $8.65, trading at more than two-month highs

** Co posts Q1 adj. EPS of 12 cents vs analysts' expectations of 8 cents - data compiled by LSEG

** Q1 revenue of $179.30 mln beats Wall Street estimate of $175.40 mln

** J.P.Morgan raises PT to $8 from $7, says emergence of AI and transformation of higher education driving shift towards online education and skills market

** RBC raises PT to $10 from $8; believes pandemic has created lasting tailwinds for co, sees room for more educational degrees to be fully online

** At least three brokerages raise their PTs on the stock

** Nine analysts rate stock "buy" or higher, four "hold" and two "sell"; median PT is $10 -LSEG

** Including current session moves, COUR up 1.9% YTD

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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