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Benzinga
Benzinga
Business
Priya Nigam

5 Analysts Takeaways As Chegg's Stock Crashes After Q1 Earnings Report

Chegg CHGG Arvind Ramnani Chegg Inc NYSE Jason Celino Josh Baer Ryan MacDonald

Chegg Inc (NYSE:CHGG) reported its first-quarter adjusted earnings of 32 cents per share, ahead of the consensus estimates of 24 cents per share. Net revenues missed Street expectations and the company slashed its full-year revenue and adjusted EBITDA guidance.

Piper Sandler On Chegg: Analyst Arvind Ramnani downgraded the rating from Overweight to Neutral, while reducing the price target from $44 to $21.

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