Barrington Stick to Their Buy Rating for Chegg Inc

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Barrington analyst Alexander Paris reiterated a Buy rating on Chegg (NYSE:CHGG) Inc on Tuesday, setting a price target of $95, which is approximately 43.92% above the present share price of $66.01.

Paris expects Chegg Inc to post earnings per share (EPS) of $0.09 for the third quarter of 2020.

The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Chegg, with an average price target of $95.25.
The analysts price targets range from a high of $105 to a low of $79.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $153.01 million and a net profit of $22.06 million. The company’s market cap is $8.48 billion.

According to TipRanks.com, Barrington analyst Alexander Paris is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.0% and a 38.11% success rate.

Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

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