Chegg: Analysts Downgrade Stock Amid AI Struggles and Other Important Updates
Meno di 1 minuto di lettura
Court: N.D. California
Case: 5:21-cv-09953
CHGG has received a consensus rating of “Reduce” from analysts, with three firms recommending “sell” and four others issuing a “hold.” The stock’s average 12-month price target now sits at just $1.70, reflecting growing concerns over its AI pivot and fading pandemic-driven momentum.
More news for CHGG investors—check what you might be missing right now
At the same time, CHGG reached a $55M settlement with investors to resolve claims it misled them about the sustainability of its pandemic-fueled growth trajectory.
You can check more information about it and file for a payout here.