Credit Suisse Keeps Their Buy Rating on 2U Inc

Credit Suisse analyst Brad Zelnick maintained a Buy rating on 2U Inc (NASDAQ: TWOU) on May 10 and set a price target of $100. The company’s shares closed on Friday at $98.08, close to its 52-week high of $98.30.

Zelnick noted:

“We have assumed coverage of 2U, Inc. We have made no changes to our rating, target price, or estimates at this time. Share price performance T WO U.O Q S& P 5 0 0 IN D EX Ju l- 1 7 O ct – 1 7 Jan – 1 8 A p r – 1 8 4 0 6 0 8 0 1 0 0 500 INDEX closed at 2697.79 Daily May10, 2017 – May09, 2018, 05/10/17 = and valuation metrics EPS (Excl. EPS (CS adj., ) -0.09 -0.11 0.04 Prev. EPS (CS adj., US$) – – – P/E (CS adj.) (x) n.m -824.3 n.m P/E rel.”

According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 13.0% and a 70.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ultimate Software, and Microsoft Corp.

Currently, the analyst consensus on 2U Inc is Strong Buy and the average price target is $95.56, representing a -2.6% downside.

In a report issued on May 4, Needham also reiterated a Buy rating on the stock with a $95 price target.

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The company has a one-year high of $98.30 and a one-year low of $39.58. Currently, 2U Inc has an average volume of 533.3K.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.

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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 Lanham, MD.