'One Step Forward and Two Steps Back': Chegg (CHGG) Stock Crashes 35% After Cutting Outlook, Analyst Downgrades to Neutral
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Chegg (CHGG) PT Lowered to $30 at Jefferies
May 3, 2022 8:33 AM EDTJefferies 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
Chegg (CHGG) PT Lowered to $22 at JPMorgan
May 3, 2022 5:40 AM EDTJPMorgan analyst Doug Anmuth lowered the price target on Chegg (NYSE: CHGG) to $22.00 (from $37.00) while maintaining a Neutral rating.... More
Chegg (CHGG) PT Lowered to $20 as Morgan Stanley Lacks Visibility into Stable Growth
May 3, 2022 3:29 AM EDTMorgan Stanley analyst Josh Baer lowered the price target on Chegg (NYSE: CHGG) to $20.00 (from $37.00) after the company guided FY22 Services to only ~1% YoY organic growth.
The analyst reiterated an a Equalweight rating, stating "Q1 results provided more fuel for the... More
