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Fly News Breaks for March 12, 2018
TWOU
Mar 12, 2018 | 05:00 EDT
KeyBanc analyst Monika Garg raised her price target for 2U to $100 saying the company by 2023 could have over $1.5B in revenue. The analyst left a CFO meeting with increased confidence in 2U's accelerated ramp in program launches She believes each program can scale to steady-state revenue and EBITDA. Garg keeps an Overweight rating on the shares.
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