Needham Maintains Buy on 2U, Lowers Price Target to $9
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ryan MacDonald has maintained a 'Buy' rating on 2U (NASDAQ:TWOU) but lowered the price target from $15 to $9.
August 09, 2023 | 11:19 am
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2U's price target has been lowered from $15 to $9 by Needham, although the 'Buy' rating is maintained.
The lowering of the price target by Needham could potentially lead to a short-term decrease in 2U's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100