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Chegg Inc (CHGG) Receives a Buy from Barrington


In a report released today, Alexander Paris from Barrington maintained a Buy rating on Chegg Inc (NYSE: CHGG), with a price target of $32. The company’s shares opened today at $27.79.

According to TipRanks.com, Paris is a 4-star analyst with an average return of 9.2% and a 50.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chegg Inc with a $30.40 average price target, representing a 9.4% upside. In a report issued on October 2, Craig-Hallum also upgraded the stock to Buy with a $34 price target.

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Based on Chegg Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.91 million. In comparison, last year the company had a GAAP net loss of $11.52 million.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Chegg, Inc. operates learning platform for students. It provides student learning platform, empowering students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades and test scores.