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In a report published Friday, Barrington Research analyst Alexander Paris initiated coverage on
2UTWOU with an Outperform rating and $20.00 price target.
In the report, Barrington Research noted, “Growing, highly-visible revenue model. Since a significant portion of 2U's revenue is attributable to returning students, the predictability and recurring nature of its business model is enhanced. Since 2011, revenues have grown at a 64% CAGR, from $29.7 million in 2011 to $83.1 million in 2013, and we project $105.4 million in 2014. By February of each year, management has visibility into more than 75% of full-year revenue.”
2U closed on Thursday at $13.56.
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