2U Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:TWOU)
Shares of 2U (NASDAQ:TWOU) have been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the company, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.00.
2U (NASDAQ:TWOU) opened at 16.82 on Tuesday. 2U has a 1-year low of $10.52 and a 1-year high of $17.58. The stock has a 50-day moving average of $14.92 and a 200-day moving average of $14.19. The company’s market cap is $677.3 million.
2U (NASDAQ:TWOU) last announced its earnings results on Wednesday, August 6th. The company reported ($0.22) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.24) by $0.02. The company had revenue of $24.70 million for the quarter, compared to the consensus estimate of $24.02 million. During the same quarter last year, the company posted ($0.27) earnings per share. 2U’s revenue was up 32.4% compared to the same quarter last year. On average, analysts predict that 2U will post $-0.63 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TWOU shares. Analysts at Goldman Sachs downgraded shares of 2U from a “buy” rating to a “neutral” rating in a research note on Monday. They now have a $18.00 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of 2U from $18.00 to $20.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of 2U in a research note on Friday, July 25th. They set an “outperform” rating and a $20.00 price target on the stock.
2U, Inc is a provider of cloud-based software-as-a-service (NASDAQ:TWOU) solutions.
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