Northland lowered the firm’s price target on Chegg to $13 from $15 and keeps a Market Perform rating on the shares after the company reported Q3 results. Retention is “strong” and feedback to recently launched Chegg AI capabilities are “going well” and now reach 25% of users, the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CHGG: