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Fly News Breaks for January 21, 2020
CHGG
Jan 21, 2020 | 05:34 EDT
Citi analyst Nithin Pejaver raised Chegg's price target to $50 from $38.50 ahead of the company's Q4 results on February 10. The analyst keeps a Buy rating on the shares. Pejaver estimates Q4 revenue of $123.3M and adjusted EBITDA of $44.6M, both closer to the top end of the company's guidance range.
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