Piper Sandler Downgrades This Edtech Company- Read Why

• Piper Sandler analyst Arvind Ramnani downgraded 2U Inc (NASDAQ:TWOU) to Neutral from Overweight with a price target of $23, down from $37, suggesting a 30% upside.
• The analyst believes that a "myriad of headwinds" could limit near term upside in the shares, including the shift to in-person education, digital learning fatigue, and edX integration risk.
• Arvind remains cautious on 2U given enrollment headwinds and "virtual learning fatigue" after nearly two years of pandemic impacts.
• Price Action: TWOU shares are trading lower by 2.71% at $17.25 in premarket on the last check Thursday.