COUR - Coursera's Strong Quarter Hints To Why It's The Best EdTech
- Strong Q3 supports FY21 guide of 40% revenue growth and long-term (LT) ~30% revenue growth model. 62% gross margin (GM) validates LT GM of ~60%. Favorable segment mix shift continues.
- Guilt by association with Chegg (or unfavored EdTech) is totally unjustified. Chegg and Coursera are ships passing in the night - similar only in market cap size - going in opposite directions.
- Maintain conviction that patience will eventually (multi-year) see a $50.0 billion market cap company. The #1 company in a multi-trillion TAM should see this level.
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Coursera's Strong Quarter Hints To Why It's The Best EdTech