Pacific Crest Reiterates a Buy Rating on 2U IncBy Ryan Adsit
According to TipRanks.com, McFadden is a 4-star analyst with an average return of 14.3% and a 56.0% success rate. McFadden covers the Technology sector, focusing on stocks such as Cisco Systems, PROS Holdings, and New Relic Inc.
Currently, the analyst consensus on 2U Inc is Strong Buy and the average price target is $41, representing a 18.8% upside.
In a report issued on November 4, Oppenheimer also reiterated a Buy rating on the stock with a $38 price target.
The company has a one year high of $38.91 and a one year low of $14.94. Currently, 2U Inc has an average volume of 390.5K.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Edward Macias, a Director at TWOU bought 1,064 shares for a total of $22,791.
2U, Inc. provides cloud-based software-as-a-service solutions for nonprofit colleges and universities to deliver education to qualified students. The company’s cloud-based SaaS platform solutions include online campus, an online learning platform that enables its clients to offer educational content together with instructor-led classes in a live, intimate, and engaging setting through proprietary Web-based and mobile applications; and content management system, which enables its clients to author, review, and deploy asynchronous content into their online programs. Its cloud-based SaaS platform solutions also comprise application processing portal that automates the online application process for prospective students of its client’s programs; and customer relationship management deployments, which serve as the data hub for scheduling, student acquisition, student application, faculty admissions review, enrollment and student support for each program. The company offers a suite of technology-enabled services, including content development, student acquisition, and state authorization services, as well as application advising, student and faculty support and in-program student field placements that support the lifecycle of a higher education program or course. 2U was founded by Christopher J. Paucek in April 2008 and is headquartered in Landover, MD.