Read Why KeyBanc Is Cautious On Chegg

by Shivani Kumaresan, Benzinga Staff Writer

April 12, 2022 6:32 AM | 26 seconds read | Make a Comment

KeyBanc analyst Jason Celino downgraded Chegg Inc CHGG to Sector Weight from Overweight.
Celino said he observed a downtick in growth trends in the company’s credit/debit transactions.
Though international prospects seem bright, powered by localization catalysts, Celino believes that consistent growth in the U.S. is needed to warrant further multiple re-rating at current levels.
Price Action: CHGG shares are trading lower by 2.10% at $34.55 in premarket on the last check Tuesday.