Piper Sandler Maintains Underweight on Chegg, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Arvind Ramnani maintains an Underweight rating on Chegg (NYSE:CHGG) and lowers the price target from $6 to $2.
August 06, 2024 | 1:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler analyst Arvind Ramnani maintains an Underweight rating on Chegg and lowers the price target from $6 to $2.
The significant reduction in the price target from $6 to $2 by Piper Sandler is likely to negatively impact Chegg's stock price in the short term. The Underweight rating suggests a bearish outlook, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100