Coursera is trading at $3.55, down 23.39%, after its fourth-quarter revenue outlook fell short of analysts’ consensus.
- Third-quarter revenue and adjusted earnings beat estimates; fourth-quarter revenue is projected at $358 million–$366 million.
- JPMorgan and KeyBanc downgraded the stock, while Needham cut its price target; reports tied the sharp selloff to the outlook and rating changes.
- Broader software weakness added pressure, with the software ETF down 4.1% amid post-earnings declines among sector peers.