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Why did Chegg stock surge on Monday? A key analyst calls the stock a Buy

Chegg.com Campus Takeover"s "Late Night with Chegg" - Austin

Sarah Kerver

Chegg Inc. (NYSE:CHGG) shares rose sharply on Monday’s despite a broader decline in markets as a key analyst upgrade buoyed the stock.

Needham Securities analyst Ryan MacDonald upgraded the stock to a “Buy” rating on Monday morning, advising clients that

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