UPDATE: Citi Starts Coursera Inc (COUR) at Buy

Citi analyst Thomas Singlehurst initiates coverage on Coursera Inc (NYSE: COUR) with a Buy rating and a price target of $55.00.

The analyst comments "Coursera is a long duration investment but one we think global education investors shouldn’t ignore. Professional Learning and University Services are two of the most dynamic and exciting areas of the $6tn global education market and Coursera is a compelling play on both. With the prospect of strong (20%+) revenue growth into the medium-term as well as a scalable business model built around a centralized data/technology platform, we think the group’s valuation compares favourably with EdTech and Enterprise SaaS peers and we therefore initiate with a Buy, $55 PT."

For an analyst ratings summary and ratings history on Coursera Inc click here. For more ratings news on Coursera Inc click here.

Shares of Coursera Inc closed at $46.37 yesterday.

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