JP Morgan Assumes Chegg at Neutral, Announces Price Target of $9
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bryan Smilek has initiated coverage on Chegg (NYSE:CHGG) with a Neutral rating and set a price target of $9.

March 11, 2024 | 10:18 am
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JP Morgan analyst Bryan Smilek has initiated coverage on Chegg with a Neutral rating and a price target of $9.
The initiation of coverage by a major financial institution like JP Morgan, especially with a neutral stance, suggests a cautious outlook on Chegg's stock. The price target of $9 provides a specific expectation for the stock's future performance. This analysis is based on the information provided by JP Morgan and reflects the market's potential reaction to new analyst coverage.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100