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Equities research analysts at Needham & Company LLC assumed coverage on shares of 2U (NASDAQ:TWOU) in a research note issued to investors on Tuesday, American Banking News.com reports. The firm set a “buy” rating and a $18.00 price target on the stock. Needham & Company LLC’s price objective indicates a potential upside of 37.40% from the stock’s previous close.

2U (NASDAQ:TWOU) opened at 13.10 on Tuesday. 2U has a 52-week low of $11.77 and a 52-week high of $15.89. The stock’s 50-day moving average is $13.35 and its 200-day moving average is $13.35. The company’s market cap is $512.6 million.

Several other analysts have also recently commented on the stock. Analysts at Oppenheimer initiated coverage on shares of 2U in a research note on Tuesday. They set an “outperform” rating and a $18.00 price target on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of 2U in a research note on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of 2U in a research note on Tuesday. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, 2U currently has a consensus rating of “Buy” and a consensus target price of $18.00.

2U, Inc is a provider of cloud-based software-as-a-service (NASDAQ:TWOU) solutions.

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