11:21 AM EDT, 08/22/2024 (MT Newswires) -- Coursera ( COUR ) is "well-positioned" in the generative artificial intelligence world due to its 155 million registered clients globally and multi-sided business model, RBC Capital Markets said in a note emailed Thursday.

"The idea is that individuals will use GenAI to learn, disintermediating some [education technology] vendors," which will benefit certain companies while negatively impacting others, said RBC analysts, led by Rishi Jaluria.

Coursera ( COUR ) has the potential to be the clients' "learning platform of choice," the analysts added.

Meanwhile, since the edtech sector is "depressed," players in the market will go for strategic acquisitions at attractive prices, including purchasing assets of "troubled businesses that may offer hidden value," RBC said.

Coursera ( COUR ) has $709 million of net cash and investments on its balance sheet, according to the note.

RBC maintained its outperform rating and $18 price target on the company's stock.

Price: 8.28, Change: -0.09, Percent Change: -1.14