Chegg Strengthens Leadership Team with Appointments of Colin Coggins as Senior Vice President of Chegg Skills, and Chris Mason as Senior Vice President of Business Operations

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Go back to Chegg Strengthens Leadership Team with Appointments of Colin Coggins as Senior Vice President of Chegg Skills, and Chris Mason as Senior Vice President of Business Operations

Northland Downgrades Chegg (CHGG) to Market Perform, 'ChatGPT Competition and CheggMate Response Will Take Time'

May 2, 2023 9:06 AM EDT

Northland Capital Markets analyst Mike Grondahl downgraded Chegg (NYSE: CHGG) from Outperform to Market Perform with a price target of $15.00.

The analyst comments "CHGG reported 1Q23 revenues, adj. EBITDA and adj. EPS of $187.6M, $57.6M and $0.27 vs. NS at $185.0M, $54.0M and $0.24. Subscription Services... More