2U earnings miss adds pressure to debt-rankled online education firm
2U warned this week that it could cease to be a going concern as it faces $900 million in debt and another quarter of losses.
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2U warned this week that it could cease to be a going concern as it faces $900 million in debt and another quarter of losses.
Online education company 2U saw its stock fall to below $1 for much of the day Friday after a concerning revenue forecast.
2U (NASDAQ: TWOU) recently received a number of ratings updates from brokerages and research firms: 8/10/2023 – 2U had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $7.00 price target on the stock. 8/10/2023 – 2U had its price target lowered by analysts at Piper Sandler from $6.00 to $4.00. […]
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