Compass Point Believes TWOU Won’t Stop Here

By George MacDonald

Compass Point analyst Michael Tarkan reiterated a Buy rating on 2U (NASDAQ: TWOU) today and set a price target of $29. The company’s shares opened today at $23.81, close to its 52-week high of $24.07.

2U has an analyst consensus of Strong Buy, with a price target consensus of $22.

Based on 2U`s latest earnings report from December 31, the company posted quarterly revenue of $30.76M and quarterly net profit of -$4.02M. In comparison, last year the company earned revenue of $26.33M and had a net profit of -$7.05M.

According to TipRanks.com, Tarkan is a 4-star analyst with an average return of 6.9% and a 57.4% success rate. Tarkan covers the Financial sector, focusing on stocks such as Moneygram International, First Marblehead Corp., and E*Trade Financial.

2U Inc is engaged in providing cloud-based software-as-a-service platform. Its platform enables nonprofit colleges and universities to deliver education to qualified students anywhere.