Cantor Fitzgerald Downgrades 2U to Neutral, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Brett Knoblauch has downgraded 2U (NASDAQ:TWOU) from Overweight to Neutral and lowered the price target from $5.3 to $1.5.
November 10, 2023 | 11:13 am
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NEGATIVE IMPACT
2U's stock has been downgraded from Overweight to Neutral by Cantor Fitzgerald, with a lowered price target of $1.5.
The downgrade from Overweight to Neutral indicates a less optimistic outlook for the company's stock. The significant reduction in the price target from $5.3 to $1.5 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100