Northland lowered the firm’s price target on Chegg (CHGG) to $2 from $3 and keeps a Market Perform rating on the shares. Q4 was “tough” and Q1 guidance was “much weaker than we expected as the competitive environment continues to get stronger,” the analyst tells investors in a post-earnings note.
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Read More on CHGG:
- Chegg price target lowered to $1 from $1.25 at Morgan Stanley
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