Why Coursera (COUR) Stock Is Nosediving
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1. Coursera (NYSE:COUR) shares fell 5.3% after Goldman Sachs analyst downgraded the stock due to “artificial intelligence headwinds.” The new price target implies a potential 20% downside from current levels.
2. Coursera’s shares are somewhat volatile and today’s move is seen as meaningful but not fundamentally changing the market’s perception of the business. Additionally, the company had strong third quarter results and recently launched new Professional Certificates in partnership with major tech companies.
3. Despite the recent drop, Coursera is down 9.3% since the beginning of the year and trading 16.9% below its 52-week high. Investors who bought at the IPO in March 2021 would now be looking at an investment worth $388.84.
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