UPDATE: Stifel Starts Coursera Inc (COUR) at Buy

Stifel analyst Scott Devitt initiates coverage on Coursera Inc (NYSE: COUR) with a Buy rating and a price target of $52.00.7

The analyst comments "We are initiating coverage of Coursera with a Buy rating and a $52 target price. With approximately 77mm highly engaged learners and 200+ leading content partners, we view Coursera as the leading platform for online education content. As the category leader, Coursera has a large and global opportunity to capture share of spending related to higher education, workforce training, and online degrees which combined totaled $2.6Tn in 2019. Coursera offers a compelling value proposition for both educators and learners by providing the tools to author, scale, teach, and globally distribute high-quality content at low cost. With an extensive content catalog and existing partnerships with leading educators in higher education, Coursera is well positioned to benefit from secular trends favoring affordable, flexible, and easily distributable content."

For an analyst ratings summary and ratings history on Coursera Inc click here. For more ratings news on Coursera Inc click here.

Shares of Coursera Inc closed at $46.37 yesterday.

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