Chegg stock price could break past $8

Chegg stock price could break past $8.50 resistance if sector peers continue showing upward momentum in digital learning adoption rates. Chegg, Inc. (NYSE: CHGG ) Q4 2023 Earnings Call Transcript February 5, 2024 In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped CHGG earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Chegg stock price has seen bullish crossover signals in its MACD chart, with traders eyeing possible breakout toward the $9 level.