In a report released today, Alex Fuhrman from Craig-Hallum maintained a Buy rating on Chegg (CHGG – Research Report). The company’s shares closed last Friday at $7.10.
Fuhrman covers the Consumer Cyclical sector, focusing on stocks such as WW International, Lands’ End, and Lindblad Expeditions Holdings. According to TipRanks, Fuhrman has an average return of -4.1% and a 38.03% success rate on recommended stocks.
Currently, the analyst consensus on Chegg is a Hold with an average price target of $8.78.
The company has a one-year high of $18.40 and a one-year low of $6.63. Currently, Chegg has an average volume of 2.65M.
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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.
Read More on CHGG:
- Options Volatility and Implied Earnings Moves Today, April 29, 2024
- CHGG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Chegg price target lowered to $7 from $8.50 at Morgan Stanley
- Chegg appoints Deena Bahri CMO effective March 27
- JPMorgan online education analyst holds analyst/industry conference call
