Coursera (COUR) Stock Forecast & Price Target

Coursera Inc's Consumer segment, which accounts for 67.1% of total revenue, demonstrated strong growth with a year-over-year increase of 12.6% to $130.3 million, significantly exceeding estimates. The company added 7.7 million new global learners in 3Q25, marking an 18% increase year-over-year and bringing the total registered learners to 191 million. Additionally, Coursera raised its FY guidance to a range of $750 million to $754 million, reflecting robust performance and favorable market conditions, while maintaining an adjusted EBITDA margin expectation of 8.0%.

Coursera Inc reported a gross margin contraction of 50 basis points year-over-year to 55.6%, coupled with a decline in average revenue per customer of 5.2%, indicating challenges in maintaining pricing power within its Consumer segment. The company also experienced a significant drop in net retention rate, from 93% to 89%, reflecting struggles in the Enterprise segment, which is crucial for long-term growth. Additionally, macroeconomic uncertainties and an emphasis on investments over profitability have raised concerns about sustaining a valuation above historical peer-group levels, as evidenced by an anticipated seasonal revenue decline of 1.4% in the upcoming quarter.