2U (TWOU) Price Target Lifted to $30 at Needham & Company

Needham & Company analyst Michael Huang reiterated his Buy rating on 2U, Inc. (NASDAQ: TWOU) while boosting his price target to $30.00 (from $22.00) following a Twitter chat (#impactchat) discussing the importance of online degree programs hosted by 2U.

Huang commented, "While commentary was across the board positive and consistent with our constructive views on 2U enabled programs, we’re still impressed that 2U students, faculty/ administrators (from 2U-powered programs), and industry thought leaders took the time to weigh in, which likely reflects high customer/faculty satisfaction with 2U’s service levels and product vision. Importantly, in our view the takeaways from the conversation address and even help to dismiss likely lingering investor skepticism around the value of online programs relative to their on-campus counterparts."

The analyst views the lines between online and offline blurring in higher ed.

Huang said at the end of the day, 2U "is catalyzing change in higher ed through its differentiated platform and service offering, and has established credibility with programs across leading universities including Northwestern, Yale, Georgetown, UNC, and others."

For an analyst ratings summary and ratings history on 2U, Inc. click here. For more ratings news on 2U, Inc. click here.

Shares of 2U, Inc. closed at $27.18 yesterday.

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