Piper Sandler Maintains Neutral on 2U, Lowers Price Target to $1.7
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Arvind Ramnani maintains a Neutral rating on 2U (NASDAQ:TWOU) and reduces the price target from $4 to $1.7.
November 13, 2023 | 9:51 pm
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NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on 2U, Inc. but lowered the price target from $4 to $1.7, indicating a potential downside compared to the previous target.
The reduction in price target by Piper Sandler is a bearish signal for investors, suggesting that the analyst sees limited upside potential or greater risk in the stock. This could lead to a negative short-term impact on 2U's stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100