Form 10-Q CHEGG, INC For: Jun 30
FREE Breaking News Alerts from StreetInsider.com!
- Tech selloff weighs down Wall Street as bond yields climb
- Baidu slips as Q2 results miss estimates despite growth in AI cloud business
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Home Depot beats estimates, reaffirms fiscal 2026 guidance
- Citi says positioning risk is shifting from short squeezes to profit-taking
- Tech selloff weighs down Wall Street as bond yields climb
- Francisco Partners to acquire Weave Communications for $650M
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Goldman Sachs to acquire real estate company LCN for up to $410M
- Klarna Group plc (KLAR) Tops Q2 EPS by 6c, Beats on Revenue; Offers FY26 Revenue Guidance
Goldman Sachs Upgrades Chegg (CHGG) to Neutral
August 6, 2024 8:48 AM EDTGoldman Sachs analyst Eric Sheridan upgraded Chegg (NYSE: CHGG) from Sell to Neutral with a price target of $3.75 (from $7.00).
The analyst comments "In its Q2 2024 earnings report, Chegg produced revenue and Adj EBITDA ahead of its guided ranges; however, its Q3 guidance points to a revenue and adj. EBITDA range ~10-15% and ~45-50% (respectively) below GS/Street estimates.... More
