JP Morgan Maintains Neutral on Chegg, Raises Price Target to $14
Portfolio Pulse from jenniferd'souza@benzinga.com
JP Morgan analyst Doug Anmuth maintains a Neutral rating on Chegg (NYSE:CHGG) and raises the price target from $12 to $14.
August 08, 2023 | 12:57 pm
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Chegg and raises the price target from $12 to $14.
The news is directly about Chegg and is likely to impact its stock price. However, the Neutral rating suggests that JP Morgan does not expect significant price movement in the short term. The increase in price target could suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100