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Fly News Breaks for August 3, 2018
TWOU
Aug 3, 2018 | 16:22 EDT
Barrington analyst Alexander Paris kept his Outperform rating and $100 price target on 2U after its Q2 results, saying that the company's projected growth rate at 43% this year and 33% next year is much higher relative to its peer group's 23% and 22% respectively. The analyst notes however that at its current valuation, the stock is trading at 6.8-times his expected FY19 revenue vs. 7.3-times for the Ed Tech industry, adding that his price target assumes a 9.5-times multiple. Paris also raises his FY18 EPS view to (9c) from (12c).
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