Chegg (CHGG) Tops Q2 EPS by 5c, Revenues Beat; Guides Above

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Chegg (CHGG) PT Raised to $91 at BMO Capital Following 2Q

August 4, 2020 6:54 AM EDT

BMO Capital analyst Jeffrey Silber raised the price target on Chegg (NYSE: CHGG) to $91.00 (from $67.00) while maintaining a Market Perform rating following the company's 2Q report. CHGG reported adjusted EBITDA of $55.5 million well above the consensus $49.6 million estimate. The company finished the quarter with $983... More