Coursera (COUR) Stock Forecast & Price Target

Coursera is positioned favorably because its Consumer and Enterprise businesses create a reinforcing flywheel, with consumer brand awareness supporting enterprise traction and lowering acquisition costs. The company delivered 3Q26 revenue of $376.7 million and adjusted EBITDA of $61.5 million, while gross margin expanded to 63.7%, and it ended with about $775.5 million in cash and marketable securities and zero debt, underscoring financial flexibility. Despite near-term consumer softness and Udemy integration headwinds, management’s buyback program, improving profitability, and strong competitive positioning in a large digital learning market support a positive long-term outlook.

Coursera is facing a negative fundamental setup because its core Consumer engine is slowing despite 3Q paid subscribers rising 29.8% Y/Y to 1.687mm, as management now expects low-double-digit revenue declines in 2027 from weaker consumer spending and SEO-driven traffic disruption. Enterprise is not offsetting that weakness: 3Q revenue of $200.9mm beat consensus, but customer count fell 3.6% Y/Y to 11,897 and management flagged 2027 Enterprise revenue as flat to slightly down, with no upside from Project Helix yet reflected. Although FY26 revenue guidance was tightened to $1.229B-$1.237B and synergies should exceed $150mm of annualized gross savings, weak 4Q guidance, a $4.6mm Q3 free cash flow print versus $34.3mm expected, and margin/FCF pressure make the 2027 reset outweigh cost execution.