2U Receives Average Rating of “Buy” from Brokerages (NASDAQ:TWOU)
Shares of 2U (NASDAQ:TWOU) have received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, AnalystRatings.Net reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $19.00.
2U (NASDAQ:TWOU) opened at 17.87 on Tuesday. 2U has a 52-week low of $10.52 and a 52-week high of $18.46. The stock’s 50-day moving average is $15.00 and its 200-day moving average is $14.32. The company’s market cap is $719.6 million.
2U (NASDAQ:TWOU) last issued its quarterly earnings data 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. Analysts expect that 2U will post $-0.63 EPS for the current fiscal year.
A number of research firms have recently commented on TWOU. Analysts at Goldman Sachs downgraded shares of 2U from a “buy” rating to a “neutral” rating in a research note on Monday, August 11th. 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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