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UPDATE: Jefferies Initiates Coverage on Chegg on Emerging Platform in Educational Badlands

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In a report published Monday, Jefferies analyst Brian Pitz initiated coverage on Chegg (NYSE: CHGG) with a Buy rating and $14.00 price target.

In the report, Jefferies noted, “We initiate with a Buy and $14 PT. With a focus on saving students time, money and helping them to get smarter, we believe Chegg is one of the best positioned in the rapidly evolving education products & services space and that there is meaningful upside from current levels. Jefferies acted as a lead manager in Chegg's Nov IPO.”

Chegg closed on Friday at $9.57.

Latest Ratings for CHGG

DateFirmActionFromTo
Nov 2019UpgradesNeutralBuy
Oct 2019MaintainsOutperform
Sep 2019UpgradesHoldBuy

View More Analyst Ratings for CHGG
View the Latest Analyst Ratings

Posted-In: Brian Pitz JefferiesAnalyst Color Initiation Analyst Ratings

 

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