Needham & Company Starts 2U, Inc. (TWOU) at Buy

Needham & Company initiates coverage on 2U, Inc. (NASDAQ: TWOU) with a Buy rating and a price target of $18.00.

Analyst Michael Huang states, "We view 2U as a disruptive SaaS and tech-enabled services vendor that is aiming to revolutionize how top colleges and universities leverage the web to expand their reach and grow their degree programs while delivering similar (if not better) student outcomes. Similar to other vertical-focused SaaS vendors like SPS Commerce, Medidata Solutions, CoStar Group, and Ellie Mae, we see 2U as disrupting a large, underpenetrated vertical market opportunity with a SaaS-based solution and business model."

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 $13.10 yesterday.

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