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Fly News Breaks for February 26, 2019
TWOU
Feb 26, 2019 | 07:51 EDT
Oppenheimer analyst Brian Schwartz raised his price target for 2U to $83 from $70 after the company generated a beat and 2019 guide above in Q4 and displayed a 42% EBITDA margin for the oldest cohort. The analyst views the overall results and outlook as "generally solid" and supportive of his thesis that 2U has open-ended growth and is positioned for strong revenue growth and share gains in 2019. Schwartz reiterates an Outperform rating on the shares.
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