Goldman Sachs Maintains Sell on Chegg, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has reiterated a Sell rating on Chegg (NYSE:CHGG) and reduced the price target from $10 to $8.
January 22, 2024 | 12:37 pm
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Goldman Sachs analyst Eric Sheridan maintains a Sell rating on Chegg and lowers the price target from $10 to $8, indicating a bearish outlook.
The reduction in price target by a major financial institution like Goldman Sachs suggests a negative outlook on Chegg's stock performance in the short term. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100