The Latest Analyst Ratings for Chegg
Portfolio Pulse from Benzinga Insights
Chegg (NYSE:CHGG) has received 7 indifferent and 1 somewhat bearish analyst ratings within the last quarter, with no bullish or bearish ratings. The average 12-month price target among 8 analysts is $10.0, with a high of $12.00 and a low of $9.00, representing a 21.57% decrease from the previous average price target of $12.75.
November 20, 2023 | 12:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Chegg has seen a downward revision in the average analyst price target to $10.0, indicating a negative sentiment shift among analysts.
The reduction in the average price target for Chegg, along with the lack of bullish ratings and presence of a somewhat bearish rating, suggests that analysts are not positive about the stock's short-term growth potential. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100