2U Receives New Coverage from Analysts at Credit Suisse (TWOU)
Equities research analysts at Credit Suisse began coverage on shares of 2U (NASDAQ:TWOU) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $20.00 price target on the stock. Credit Suisse’s target price points to a potential upside of 52.67% from the stock’s previous close.
The analysts wrote, “We Initiate Coverage of 2U (TWOU) with an Outperform Rating and a $20 Target Price: 2U enables nonprofit colleges and universities to bring their accredited degree programs online via a cloud-based software-as-a-service (SaaS) platform, with experiences and outcomes that match or exceed on-campus offerings. As the accredited degree programs 2U launches with higher education schools ramp and mature, we forecast steady long-term revenue growth and profitability. “We believe that TWOU shares could outperform our broader coverage universe due to increasing demand for, and market penetration of, the company’s top quality software products and services.”
2U (NASDAQ:TWOU) traded up 5.88% during mid-day trading on Tuesday, hitting $13.87. 202,184 shares of the company’s stock traded hands. 2U has a one year low of $11.77 and a one year high of $15.89. The stock has a 50-day moving average of $13.35 and a 200-day moving average of $13.35. The company’s market cap is $542.7 million.
A number of other analysts have also recently weighed in on TWOU. Analysts at Goldman Sachs initiated coverage on shares of 2U in a research note on Tuesday. They set a “buy” rating and a $17.00 price target on the stock. Analysts at Compass Point initiated coverage on shares of 2U in a research note on Monday. They set a “buy” rating and a $18.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $18.20.
2U, Inc is a provider of cloud-based software-as-a-service (NASDAQ:TWOU) solutions.
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