Craig-Hallum Maintains Hold on Chegg, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Alex Fuhrman maintains a Hold rating on Chegg (NYSE:CHGG) but lowers the price target from $7 to $3.
August 07, 2024 | 4:07 pm
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NEGATIVE IMPACT
Craig-Hallum analyst Alex Fuhrman maintains a Hold rating on Chegg but significantly lowers the price target from $7 to $3.
The significant reduction in the price target from $7 to $3 by Craig-Hallum suggests a negative outlook on Chegg's future performance. This is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100