- Barrington Research analyst Alexander Paris has reiterated Outperform rating on 2U Inc TWOU shares, with a price target of $16.
- The analyst expects the company’s Q2 sales to be $256 million versus the FactSet estimate of $255.3.
- Paris sees an adjusted loss per share of $(0.09) versus the consensus of a loss of $(0.19) per share.
- Paris said the edX acquisition and an increased interest in online education could help the company to expand profitability.
- He further added that the report of Byju, a Bangalore-based online education startup, offering $15 per share for 2U had increased the stock’s value by 16%.
- On an adjusted EBITDA basis, 2U is trading at 18.6x and 13.1x our 2022 and 2023 estimates, respectively, a premium to its Ed Tech peer group average of 14.3x/11.9x, Paris concluded.
- Price Action: TWOU shares are trading lower by 9.51% at $9.71 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorNewsPrice TargetReiterationSmall CapAnalyst RatingsMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in