![]() ![]() ![]() With "healthy usage dynamics and strong international adoption," Macdonald anticipates Chegg performing beyond Wall Street consensus estimates.Ĭoming in ranked as No. Moreover, fewer accounts are now being shared than were during the pandemic, indicating successful authentication initiatives by Chegg. Students abroad tend to use fewer digital study tools in general, but they are moving from free to paid services at a quicker pace. ![]() He asserted that in the current environment, about 70% of domestic users are retained, along with 80% internationally. Macdonald rated that stock a Buy, and provided a price target of $120 per share. and has taken over the top spot internationally." (See Chegg News Sentiment on TipRanks) He bullishly added that "amidst increasing usage and competition, Chegg remains one of the three most commonly used digital study tools in the U.S. expects the company to grow its user base domestically and internationally, even as students return to campuses, with the fall 2021 semester underway. Chegg ( CHGG) continues to see expansion of its student subscribers, as well as their retention levels on the direct-to-student learning platform. For example, online schooling tech saw massive interest, and for the most part, that won't change in the near future. In some cases, the digital shifts caused by the Covid-19 pandemic were actually accelerations toward trends that will persist long past the pandemic. The online video sharing website is a subsidiary of Google, and has been a significant revenue stream for Alphabet. This is causing YouTube to see considerable benefits as advertising spend is diverted to the internet. Meanwhile, across other platforms, TV advertisement budgets have already been slashed. The five-star analyst explained that in the fourth quarter, online brand managers may wish to "flush," or spend, all of their budgets on hefty ad campaigns, in case the same copious amounts of cash are no longer allotted the following fiscal year. (See Alphabet Stock Analysis on TipRanks)īullishly stating that GOOGL "remains a top large-cap pick," Thill rated the stock a Buy and declared a price target of $3,325 per share. Brent Thill of Jefferies expects the summer slump in spending to continue trending back upward. Generating an overwhelming portion of its revenues from advertising spending, Google-parent Alphabet ( GOOGL) is expected to continue hauling it in as the year winds down. Personal Loans for 670 Credit Score or LowerĮven companies that seem to be involved with everything have room to continue growing. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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