Northland Securities analyst Michael Grondahl reiterated a Buy rating on Chegg Inc (CHGG) yesterday and set a price target of $40. The company’s shares closed yesterday at $39.71, close to its 52-week high of $41.69.
Grondahl commented:
“We highlight “learners” and war chest as something to watch in 2019. We reiterate our Outperform rating and $40 PT.”
According to TipRanks.com, Grondahl is a top 100 analyst with an average return of 26.6% and a 71.3% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
Currently, the analyst consensus on Chegg Inc is a Moderate Buy with an average price target of $41.29, representing a 4.0% upside. In a report issued on April 17, Barrington also maintained a Buy rating on the stock with a $44 price target.
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The company has a one-year high of $41.69 and a one-year low of $21.38. Currently, Chegg Inc has an average volume of 2.08M.
Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock.
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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.
