– Coursera reported second quarter earnings with revenue of $170.3 million, up 11% year-over-year and beating analyst estimates
– CEO highlighted the positive effects of generative AI, with the company’s catalog surpassing two million enrollments
– Stock surged over 45% following the positive report, easing a year-to-date decline of 63%
– Guidance for third quarter revenue fell short of estimates, but Cantor Fitzgerald analyst raised price target to $22 based on expected 2025 enterprise value/sales multiple
– Goldman Sachs analyst lowered target to $9, citing uncertainty about generative AI use in enterprises and Coursera’s role in that process.