The Analyst Landscape: 7 Takes On Chegg
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Chegg (NYSE:CHGG) show a mix of neutral and bearish perspectives, with no bullish ratings. The average 12-month price target is now $8.5, down from $9.67, indicating a negative sentiment shift. Analysts from firms like JP Morgan, BMO Capital, Piper Sandler, and Goldman Sachs have adjusted their price targets and ratings, reflecting concerns over Chegg's market performance, revenue decline, and financial management challenges.
March 11, 2024 | 12:00 pm
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NEGATIVE IMPACT
Chegg's stock faces a bearish outlook from analysts, with a lowered average price target and concerns over revenue decline and financial management.
The consensus among analysts indicates a bearish sentiment towards Chegg, highlighted by a decrease in the average price target and concerns over its financial performance. The recent adjustments by analysts from reputable firms, coupled with Chegg's reported revenue decline and financial management issues, suggest a negative short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100