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Chegg: Growth And Profitability On The Horizon
Summary
- Chegg subscriptions retreat to their upward trend; this is likely to continue, considering the company's strategy.
- The company has growth prospects on three levels and, so far, great execution capabilities.
- The superior profitability in the sector and the reasonable valuation make this stock attractive.
Investment banking analyst with previous experience in asset management. Hold a bachelor degree in Finance & Accounting and am currently enrolled in the CFA programme.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of CHGG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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