Stocks expected to have increasing option volume: CHGG MRNA CROX W SHOP RCL

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Chegg (CHGG) PT Lowered to $30 at Jefferies

May 3, 2022 8:33 AM EDT

Jefferies analyst Brent Thill lowered the price target on Chegg (NYSE: CHGG) to $30.00 (from $55.00) while maintaining a Buy rating following earnings.

The analyst commented, "CHGG printed in-line rev growth with a 7% Adj EBITDA beat in Q1, but a lowered FY22 guide sent... More