Loop Capital lowered the firm’s price target on Coursera (COUR) to $12 from $20 but keeps a Buy rating on the shares after its Q3 results and guidance cut. It is clear that the company continues to face rapidly changing market conditions in its target markets with unfavorable macro providing incremental headwinds in its North American region, demographic shift towards lower-cost emerging regions, and slower adoption of Gen-AI technology among educational institutions, the analyst tells investors in a research note. Loop adds however that Coursera is well positioned to reshape the higher education industry in emerging markets where there is less resistance to change.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on COUR:

• Coursera price target lowered to $11 from $12 at KeyBanc

• Coursera price target lowered to $15 from $18 at Telsey Advisory

• Coursera price target lowered to $10 from $18 at RBC Capital

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

• Coursera price target lowered to $9 from $10 at BMO Capital