Education specialist 2U reported a earnings beat but guidance was far from pleasing to investors, leading to a mass exodus resulting in a 30% drop. Despite this, analysts have actually remained somewhat bullish, both Oppenheimer and BMO Capital maintained a Outperform rating with a average price target of $63. We think the selling was overdone and will wait for a entry next week.
Company Description
2U, Inc. engages in the provision of cloud-based software-as-a-service solutions for nonprofit colleges and universities to deliver education to qualified students. It operates through the Graduate Program and Short Course segments. The Graduate Program segment target students seeking a full graduate degree of the same quality receives on-campus. The Short Course segment caters to working professionals looking for career advancement through skills attainment. It offers 2UOS, which consists of an ecosystem of technology, people, and data.
Company Description
2U, Inc. engages in the provision of cloud-based software-as-a-service solutions for nonprofit colleges and universities to deliver education to qualified students. It operates through the Graduate Program and Short Course segments. The Graduate Program segment target students seeking a full graduate degree of the same quality receives on-campus. The Short Course segment caters to working professionals looking for career advancement through skills attainment. It offers 2UOS, which consists of an ecosystem of technology, people, and data.