Coursera, an education technology company, has faced a tough year, with its stock price plummeting since its IPO. However, recent developments in artificial intelligence (AI) present a potential growth catalyst. With a focus on AI training courses, Coursera aims to capitalize on the rising demand for AI skills in both consumer and enterprise markets. While early signs are promising, the company needs to demonstrate concrete revenue growth from its AI offerings to justify its optimistic valuation.
Results for: Gen AI
Datadog’s (DDOG) stock experienced a 3% rise in premarket trading on Tuesday following an upgrade from Wells Fargo. The firm upgraded the stock to Overweight from Equal Weight, citing the belief that cost optimization is reaching its end and Datadog has several growth drivers for FY24. These drivers include vendor consolidation, security cross-sell, and Gen AI. Wells Fargo raised its price target on DDOG to $150 from $130.