Northland Capital Markets Maintains Market Perform on Chegg, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets has maintained a Market Perform rating on Chegg (NYSE:CHGG) but has lowered the price target from $6 to $4, indicating a less optimistic outlook.
October 21, 2024 | 4:56 pm
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Northland Capital Markets has maintained a Market Perform rating on Chegg but lowered the price target from $6 to $4, suggesting a less favorable view on the stock's potential.
The reduction in price target from $6 to $4 by Northland Capital Markets indicates a less optimistic outlook for Chegg's stock performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations based on the new target.
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IMPORTANCE 80
RELEVANCE 100