In a report released today, Michael Grondahl from Northland Securities maintained a Hold rating on Chegg (CHGG – Research Report), with a price target of $11.00. The company’s shares closed yesterday at $9.30.
According to TipRanks, Grondahl is a 5-star analyst with an average return of 8.5% and a 47.00% success rate. Grondahl covers the Financial sector, focusing on stocks such as Riot Platforms, OneMain Holdings, and Bitcoin Depot.
The word on The Street in general, suggests a Hold analyst consensus rating for Chegg with a $9.84 average price target, implying a 5.81% upside from current levels. In a report released today, BMO Capital also maintained a Hold rating on the stock with a $10.00 price target.
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The company has a one-year high of $18.77 and a one-year low of $7.32. Currently, Chegg has an average volume of 2.58M.
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Chegg (CHGG) Company Description:
Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.
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