JPMorgan raised the firm’s price target on Chegg to $14 from $12 and keeps a Neutral rating on the shares. The company reported “solid” Q2 results, improving demand trends, and gave updates to its artificial intelligence transformation strategy, the analyst tells investors in a research note. However, the firm says visibility remains limited and Chegg’s subscriber growth remains broadly under pressure.
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: