Shares of Coursera Inc. fell to a 52-week low of $4.98 on Tuesday, extending a roughly 59% decline from its 52-week high of $12.32. The stock also logged a one-year loss of 57.34%, following a close of $5.06 on September 22, down 1.17% that session.
The selloff comes despite the online education company reporting second-quarter revenue of $299 million, above the $293.72 million forecast. Revenue rose 60% compared with the year-ago period, while adjusted EBITDA and gross margins both exceeded expectations. The company also raised its full-year outlook, pointing to accelerating progress in integrating its recent acquisition of Udemy.
Analyst reaction has been mixed but trending constructive. Goldman Sachs upgraded Coursera from Sell to Neutral and lifted its price target to $6.50, with analyst Eric Sheridan citing the inclusion of Udemy’s operating results in quarterly figures and sustained subscription demand. BMO Capital maintained an Outperform rating with an $8 price target, saying the merger is delivering synergies faster than anticipated.
Separately, InvestingPro flagged the stock as undervalued relative to its fair-value estimate and projected the company could reach profitability within the current fiscal year. Coursera is expected to report next-quarter earnings in approximately 27 days.
