Goldman Sachs Upgrades Chegg to Neutral, Lowers Price Target to $3.75
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has upgraded Chegg (NYSE:CHGG) from Sell to Neutral while lowering the price target from $7 to $3.75.
August 06, 2024 | 5:56 pm
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NEUTRAL IMPACT
Goldman Sachs has upgraded Chegg from Sell to Neutral but lowered the price target from $7 to $3.75.
The upgrade from Sell to Neutral is a positive signal, but the significant reduction in the price target to $3.75 from $7 indicates concerns about Chegg's future performance. This mixed message is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100