Needham analyst Ryan MacDonald reiterated a Buy rating on 2U (NASDAQ:TWOU) Inc. on Monday, setting a price target of $61, which is approximately 63.36% above the present share price of $37.34.
MacDonald expects 2U Inc . to post earnings per share (EPS) of -$0.29 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in 2U, with an average price target of $62.5.
The analysts price targets range from a high of $78 to a low of $50.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $237.21 million and a net profit of -$37.09 million. The company's market cap is $2.79 billion.
According to TipRanks.com, Needham analyst Ryan MacDonald is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 38.6% and a 69.67% success rate.
2U, Inc. engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Graduate Program and Alternative Credential. The Graduate Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. The Alternative Credential segment provides premium online short courses and technical, skills-based boot camps through relationships with nonprofit colleges and universities. The company was founded by Christopher J. Paucek on April 2, 2008 and is headquartered in Lanham, MD.