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By Christiana Sciaudone
Investing.com -- Is there a course on profiting? Coursera dropped 6% after reporting a loss for the first quarter.
The online learning platform published a loss per share of 40 cents, compared to 45 cents a year earlier, with revenue of $88.4 million, versus $53.8 million for the same period in 2020. The company forecast second quarter revenue of $89 million to $93 million.
While the results may not have done much for investors, analysts are pretty happy with Coursera, which started trading March 31.
Coursera is "firing on all cylinders," Morgan Stanley (NYSE:MS)'s Josh Baer said regarding the first quarter results, maintaining a buy-equivalent rating and raising the price target to $58 from $55, according to StreetInsider.
“Coursera beat every estimate and metric we track in Q1," Baer wrote. "We see positive estimate revisions ahead as the durability of growth and margin expansion is underestimated."
Telsey called the first quarter results "impressive," and also increased the price target.
"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,” according to analyst Sarang Vora.