Piper Sandler Reiterates Underweight on Chegg, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Arvind Ramnani reiterated an Underweight rating on Chegg (NYSE:CHGG) and lowered the price target from $8.5 to $6.
April 30, 2024 | 9:34 am
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Piper Sandler has reiterated an Underweight rating on Chegg and reduced the price target from $8.5 to $6.
The reduction in price target by Piper Sandler suggests a bearish outlook on Chegg's stock, likely due to concerns about the company's future performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on this new analyst rating and price target.
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