Chegg (CHGG) Tops Q2 EPS by 2c, Beats on Revenues; Offers FY Revenue Outlook Above Consensus

Go back to Chegg (CHGG) Tops Q2 EPS by 2c, Beats on Revenues; Offers FY Revenue Outlook Above Consensus

Chegg (CHGG) PT Raised to $18 at BMO Capital on 2Q Report; 'Strong Growth Driving Gross Margin Expansion'

July 26, 2017 10:19 AM EDT

BMO Capital raised its price target on Chegg (NYSE: CHGG) to $18.00 (from $16.00) while maintaining a Outperform rating, following the company's second quarter earnings report.

Analyst Jeffery Silber notes the company delivered second quarter earnings per share and revenues above consensus projections driven by gross margin... More