UPDATE: Piper Sandler Downgrades Chegg (CHGG) to Neutral on Clouded Visibility

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Go back to UPDATE: Piper Sandler Downgrades Chegg (CHGG) to Neutral on Clouded Visibility

Chegg (CHGG) PT Lowered to $60 at Jefferies

November 3, 2021 7:38 AM EDT

Jefferies analyst Brent Thill lowered the price target on Chegg (NYSE: CHGG) to $60.00 (from $90.00) while maintaining a Buy rating.

The analyst commented, "CHGG revenue fell short of consensus for the 1st time in 19 quarters. Further, Q4 guidance for rev and adj... More

Needham & Company Downgrades Chegg (CHGG) to Hold

November 2, 2021 7:18 AM EDT

Needham & Company analyst Ryan MacDonald downgraded Chegg (NYSE: CHGG) from Buy to Hold.

The analyst commented, "We are downgrading Chegg (CHGG) to Hold following the company's 3Q21 results, which saw enrollment declines cause a net 464k decline in subscribers in the current semester.... More