Chegg Stock (CHGG): $43 Price Target From Piper Sandler

By Amit Chowdhry ● Jan 14, 2022
  • The shares of Chegg Inc (NYSE: CHGG) have received a $43 price target from Piper Sandler. These are the details.

The shares of Chegg Inc (NYSE: CHGG) have received a $43 price target from Piper Sandler. And Piper Sandler analyst Arvind Ramnani upgraded Chegg to an “Overweight” rating from a “Neutral” rating while reducing the price target from $54.

Ramnani noted that the shares offer a compelling GARP education technology pick following the selloff on diminished visibility and enrollment headwinds. And Chegg is known as a long-term holding as its core growth levers remain intact and the stock is trading below pre-pandemic levels despite being a net beneficiary.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.