# | Date | Analyst Firm | Upside/Downside | Price Target Change | Rating Change | Current Rating |
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Chegg shares drop as analysts cut price target after Q1 results and weak Q2 revenue guidance, new CEO appointed.
Craig-Hallum analyst Alex Fuhrman downgrades Chegg (NYSE:CHGG) from Buy to Hold and lowers the price target from $13 to $7.