Needham analyst, Kerry Rice, reiterates a Buy rating for 2U Inc (NASDAQ:TWOU) with a $40 price target following an annual online degree check-in.

The analyst explains, “The University of California at Berkeley Graduate Council released its annual online degree program check-in for the Masters of Information and Data Science (MIDS) program, which reveals the importance of 2U as what we believe is an indispensable partner and the success of the program.”

The analyst believes that the “program’s success could propagate the 2U platform to additional programs and verticals within the UC System.”

According to TipRanks, Rice is ranked #1,011 of 4,064 analysts.