- Piper Sandler analyst Arvind Ramnani downgraded 2U Inc TWOU to Neutral from Overweight with a price target of $23, down from $37, suggesting a 30% upside.
- The analyst believes that a "myriad of headwinds" could limit near term upside in the shares, including the shift to in-person education, digital learning fatigue, and edX integration risk.
- Arvind remains cautious on 2U given enrollment headwinds and "virtual learning fatigue" after nearly two years of pandemic impacts.
- Price Action: TWOU shares are trading lower by 2.71% at $17.25 in premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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