Goldman Sachs reiterates a sell rating, reducing the price target to $10.5. Q1 revenue fell short due to lower user funnel conversion and delayed content launches. Net revenue retention declined to 94%, reflecting ongoing enterprise challenges. Cantor Fitzgerald maintains an overweight rating, adjusting the price target to $21. Coursera's revenue fell below guidance for the first time in seven quarters, despite adding 7 million new learners.
Coursera reports quarterly earnings of 7 cents per share which beat the analyst estimate. The company reported quarterly sales of $169.1 million which missed the analyst consensus estimate of $170.433 million by 0.78% and represents a 14.53% increase over sales of $147.642 million from the same period last year.