Chegg Reaches Analyst Target Price
May 03, 2017 at 08:32 AM EDT
In recent trading, shares of Chegg Inc (CHGG) have crossed above the average analyst 12-month target price of $11.60, changing hands for $11.79/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..