'One Step Forward and Two Steps Back': Chegg (CHGG) Stock Crashes 35% After Cutting Outlook, Analyst Downgrades to Neutral

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/21/2026

1. DSX
2. GNK
3. INTC
4. SPCX
5. III
6. TTEC
7. DAL
8. AWK
9. ATNI
10. SMG

Go back to 'One Step Forward and Two Steps Back': Chegg (CHGG) Stock Crashes 35% After Cutting Outlook, Analyst Downgrades to Neutral

Chegg (CHGG) PT Lowered to $30 at Jefferies

May 3, 2022 8:33 AM EDT

Jefferies analyst Brent Thill lowered the price target on Chegg (NYSE: CHGG) to $30.00 (from $55.00) while maintaining a Buy rating following earnings.

The analyst commented, "CHGG printed in-line rev growth with a 7% Adj EBITDA beat in Q1, but a lowered FY22 guide sent... More

Chegg (CHGG) PT Lowered to $22 at JPMorgan

May 3, 2022 5:40 AM EDT

JPMorgan analyst Doug Anmuth lowered the price target on Chegg (NYSE: CHGG) to $22.00 (from $37.00) while maintaining a Neutral rating.... More

Chegg (CHGG) PT Lowered to $20 as Morgan Stanley Lacks Visibility into Stable Growth

May 3, 2022 3:29 AM EDT

Morgan Stanley analyst Josh Baer lowered the price target on Chegg (NYSE: CHGG) to $20.00 (from $37.00) after the company guided FY22 Services to only ~1% YoY organic growth.

The analyst reiterated an a Equalweight rating, stating "Q1 results provided more fuel for the... More