Chegg Intrinsic Value – KeyCorp upgrades Chegg to “overweight” rating after research report publication.

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Chegg Intrinsic Value – The company is focused on helping students succeed by providing access to online learning tools and resources. On Thursday, KeyCorp released a research report on Chegg ($NYSE:CHGG), resulting in an “overweight” rating upgrade for the company’s stock. The KeyCorp report was very positive, noting that Chegg has established itself as a leader in the online education space. The report highlighted the company’s innovative approach to learning and its focus on helping students succeed.

The report also highlighted Chegg’s continued growth in its core markets. The company recently expanded its services to include tutoring, study help, test prep, and more. The report concluded by noting that Chegg is well-positioned to continue to grow and expand its services in the future. KeyCorp believes that Chegg’s stock is worth investing in and upgraded the company’s rating to “overweight”.

Price History

On Monday, KeyCorp upgraded Chegg to an “overweight” rating, after the publication of a research report. This caused the stock price to open at $20.6 and close at $21.0, up by 2.1% from the prior closing price of $20.6. This surge in the stock price came as a result of the positive sentiment from KeyCorp’s upgrade. This upgrade to ‘overweight’ is a strong vote of confidence in the future outlook of Chegg. The research report published by KeyCorp highlighted the company’s efforts in developing and rolling out new products and services, along with the potential of its subscription model to drive growth and profitability.

The report also noted that Chegg’s guidance for the third quarter was in-line with analyst expectations, and that its guidance for the full year was above expectations. This suggests that the company is likely to see further growth in the coming quarters, which should be reflected in its share price. Investors have responded positively to KeyCorp’s upgrade, with the stock price rising 2.1%. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Chegg. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Chegg. More…

Key Ratios Snapshot

Some of the financial key ratios for Chegg are shown below. More…

VI Analysis – Chegg Intrinsic Value

CHEGG is an online education platform that offers college and high school textbooks, tutoring, and other support services. Its fundamentals reflect the company’s long-term potential. Using the Value Investor (VI) app, investors can easily analyze CHEGG’s fundamentals and determine its intrinsic value. According to the VI Line, CHEGG’s intrinsic value is around $64.1. Currently, CHEGG stock is trading at $21.0, which is 67.3% lower than its intrinsic value. This indicates that CHEGG is significantly undervalued in the market, representing a great opportunity for investors. The VI app helps investors to make informed decisions when considering adding CHEGG to their portfolio. With its comprehensive analysis of the company’s fundamentals, investors can determine if CHEGG is an attractive investment opportunity or not. More…

VI Peers

Chegg Inc is an American education technology company based in Santa Clara, California. The company offers digital and physical textbook rentals, online tutoring, and other student services. Chegg is one of the largest online textbook rental companies in the United States. The company has been criticized for its business model, which has been likened to textbook flipping, and for its environmental impact.

Chegg’s competitors include: CognaEducacao SA, Perdoceo Education Corp, Wah Fu Education Group Ltd.

– CognaEducacao SA ($OTCPK:COGNY)

Cogna Educacao SA is a publicly traded company with a market capitalization of 1.07 billion as of 2022. The company operates in the education sector and provides educational services and products in Brazil and internationally. The company has a return on equity of 2.54%.

– Perdoceo Education Corp ($NASDAQ:PRDO)

Perdoceo Education Corporation is a provider of higher education operating primarily through its two universities, Colorado Technical University and American InterContinental University. The company offers bachelor’s and master’s degrees in a variety of disciplines, including business, computer science, engineering, nursing, and more. Perdoceo Education Corporation is headquartered in Colorado Springs, Colorado.

– Wah Fu Education Group Ltd ($NASDAQ:WAFU)

Wah Fu Education Group Ltd. is a provider of educational services in Mainland China. The Company operates its business through four segments. The Pre-school Education segment offers educational programs and services for children aged three to six. The K-12 Education segment provides educational programs and services for students aged six to 18. The Adult and Other Education segment offers educational programs and services for adults. The International Education segment provides international education programs and services. The Company operates a number of schools, including Wah Fu Kindergarten, Wah Fu Bilingual School, Wah Fu International School and others.

Summary

Investing analysis into Chegg, Inc. has been positive as KeyCorp has upgraded the company to an “overweight” rating. This is based on a recent research report which has highlighted the strong potential of the company. Chegg is a technology-enabled learning platform that provides online educational services to students and educators. It offers a variety of services such as a digital library, online tutoring, and e-commerce.

The company has seen a steady increase in revenues and profits over the past few years due to its strong market position and innovative products. Its user base has grown significantly, leading to increased demand for its services. Moreover, the company’s growth potential remains high, making it an attractive investment proposition.