BMO Capital Maintains Market Perform on Chegg, Raises Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Jeffrey Silber maintains a Market Perform rating on Chegg (NYSE:CHGG) and raises the price target from $10 to $12.
August 09, 2023 | 2:24 pm
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POSITIVE IMPACT
BMO Capital maintains a Market Perform rating on Chegg and raises the price target from $10 to $12. This could potentially lead to an increase in the stock's price.
The increase in price target by BMO Capital indicates a positive outlook for Chegg. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100