Alert: Major Price Advance (11/15/23)-Chegg Inc (NYSE: CHGG).


Chegg Inc (NYSE: CHGG) stock closed at $10.49 on 11/15/23 after a major increase of 18.0%. The stock has risen 21.7% during the last week but has been extremely weak relative to the market over the last nine months.


Current PriceTarget Research Rating

CHGG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

Chegg has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Chegg has a very high Appreciation Score of 86 but a poor Power Rating of 20, with the Neutral Value Trend Rating the result.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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