DoorDash, Coursera, Etsy, Upwork, and Airbnb shares skyrocket, what you need to know
What happened?
A number of stocks jumped in the afternoon session after Crude oil prices plunged more than 7% on hopes of Middle East diplomatic progress, lowering the projected cost of moving people and goods. In market coverage carried by CNBC, consumer discretionary advanced 3% during morning trade as capital rotated toward cyclical groups. Financials and industrials added more than 1%. Travel, delivery, gig, and marketplace names were higher with that bid. Crude prices retreated as Brent fell 7.7% to $104.66 a barrel and West Texas Intermediate dropped 7.3% to $96.50 after Secretary of State Marco Rubio said the administration would prefer to resolve the conflict with Iran peacefully, CNBC reported. Iran’s president said the supreme leader had granted the government authority to pursue talks. Cyclical momentum was reinforced by the Institute for Supply Management, which reported its factory activity gauge rose to 55.5 in October from 54.5 in September, exceeding the 54.5 consensus from economists surveyed by Reuters.
Reuters said the pickup came with strong domestic demand. Fuel is a direct cost for a trip booked on Airbnb and for a DoorDash delivery, and it sits inside the price a household pays before it spends on a marketplace. Upwork, Fiverr, and Etsy take their volume from that same discretionary wallet. Although the survey’s prices-paid gauge registered an elevated 75.2, the pullback in benchmark crude lowers the near-term cost of travel and delivery. When energy overhead eases while domestic demand is still expanding, consumer platforms capture more orders without a higher fuel bill attached to each one. That dynamic accelerates capital rotation out of defensives and into cyclical networks whose activity rises as the cost of moving the customer falls.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Gig economy company DoorDash (NASDAQ:DASH) jumped 5.1%. Is now the time to buy DoorDash? Access our full analysis report here, it’s free.
- Consumer subscription company Coursera (NYSE:COUR) jumped 10.5%. Is now the time to buy Coursera? Access our full analysis report here, it’s free.
- Online marketplace company Etsy (NYSE:ETSY) jumped 5.1%. Is now the time to buy Etsy? Access our full analysis report here, it’s free.
- Gig economy company Upwork (NASDAQ:UPWK) jumped 7.6%. Is now the time to buy Upwork? Access our full analysis report here, it’s free.
- Online travel company Airbnb (NASDAQ:ABNB) jumped 5%. Is now the time to buy Airbnb? Access our full analysis report here, it’s free.
Zooming in on Coursera (COUR)
Coursera’s shares are extremely volatile and have had 30 moves greater than 5% over the last year. But moves this big are rare even for Coursera and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 3 days ago when the stock dropped 15.2% on the news that the company reported third-quarter 2026 financial results that beat expectations but issued fourth-quarter guidance that fell short of Wall Street estimates. According to a company press release, Coursera reported third-quarter revenue of $376.7 million, up 94% year on year, and adjusted earnings of $0.21 per share. Both metrics exceeded Wall Street expectations, with revenue beating analysts' estimates of $368.5 million and adjusted earnings beating projections of $0.18 per share. However, Coursera's fourth-quarter revenue guidance of $362 million at the midpoint came in 2.7% below analysts' expectations of $372 million, and its fourth-quarter adjusted EBITDA guidance of $57 million at the midpoint fell short of the $60.58 million consensus. Coursera updated its full-year 2026 revenue outlook to between $1.229 billion and $1.237 billion and accelerated execution to secure more than $150 million in annualized gross cost savings toward its $115 million annual run-rate net synergy target from the Udemy transaction. Despite the strong third-quarter performance and cost-saving milestones, concerns over the softer near-term guidance weighed on investor sentiment.
Coursera is down 45.7% since the beginning of the year, and at $3.85 per share, it is trading 54.8% below its 52-week high of $8.51 from November 2025. Investors who bought $1,000 worth of Coursera’s shares 5 years ago would now be looking at only $106.74.
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