Coursera price target lowered to $10 from $22 at Cantor Fitzgerald

Cantor Fitzgerald analyst Brett Knoblauch lowered the firm’s price target on Coursera (COUR) to $10 from $22 and keeps an Overweight rating on the shares. Coursera delivered an in-line quarter on solid performance, exceeding consensus expectations on revenue, operating income, margin, and free cash flow, but disappointed due to a second guide down in 2024 revenue, offset by better adjusted EBITDA and profitability for the year, the analyst tells investors in a research note. Cantor expects Coursera’s stock performance will likely be volatile in the foreseeable future until clarity on the execution around the new action plan turns for the better.