Coursera’s Stock Price Drops Despite Analysts’ Endorsement

IBL News

Coursera (NYSE: COUR), which became public on March 31st, dropped on Wednesday the 5th almost 8%, despite receiving analysts’ support regarding the first-quarter report. Investors still consider that the educational company is overvalued. On Thursday, the stock suffered another significant decline of 7.21%, until $38.98.

Analyst Sarang Vora, from Telsey Advisory Group, said: “We believe Coursera’s consistent focus on growing its content catalog and member base, combined with enhancements to its technology platform, should continue to boost results in 2021 and beyond.”

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