These Analysts Slash Their Forecasts On 2U After Weak Q2 Results
Portfolio Pulse from Lisa Levin
2U, Inc. (NASDAQ:TWOU) reported weaker-than-expected Q2 results, with an adjusted loss of 18 cents per share and sales of $222.09 million, both missing analysts' estimates. The company also revised its FY23 net loss outlook from $93 million-$87 million to $225 million-$220 million. Following the announcement, Baird and Needham analysts cut their price targets on 2U.
August 09, 2023 | 11:29 am
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2U's weaker-than-expected Q2 results and revised FY23 net loss outlook led to a decrease in its stock price and a cut in price targets by Baird and Needham analysts.
2U's weaker-than-expected Q2 results and revised FY23 net loss outlook are negative indicators for the company's financial health, which led to a decrease in its stock price and a cut in price targets by analysts. This could potentially lead to a further decrease in the stock price in the short term.
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