Goldman Sachs analyst Eric Sheridan lowered the firm’s price target on Chegg to $7 from $8 and keeps a Sell rating on the shares. The company reported solid Q4 results but subscriber and revenue visibility is needed in 2024 and beyond, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CHGG: