Analysts Offer Insights on Services Companies: Chegg Inc (NYSE: CHGG) and Del Taco Restaurants (NASDAQ: TACO)

By Carrie Williams

Analysts have been eager to weigh in on the Services sector with new ratings on Chegg Inc (CHGGResearch Report) and Del Taco Restaurants (TACOResearch Report).

Chegg Inc (CHGG)

Lake Street analyst Eric Martinuzzi maintained a Hold rating on Chegg Inc today and set a price target of $34. The company’s shares opened today at $35.65.

According to TipRanks.com, Martinuzzi is a 4-star analyst with an average return of 8.3% and a 50.9% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as CommVault Systems, SharpSpring Inc, and Carbonite Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chegg Inc with a $42.44 average price target, representing a 19.0% upside. In a report issued on April 15, Morgan Stanley also reiterated a Hold rating on the stock with a $37 price target.

See today’s analyst top recommended stocks >>

Del Taco Restaurants (TACO)

Maxim Group analyst Stephen Anderson maintained a Buy rating on Del Taco Restaurants today and set a price target of $14. The company’s shares opened today at $10.05, close to its 52-week low of $9.46.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.5% and a 69.3% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.

Del Taco Restaurants has an analyst consensus of Strong Buy, with a price target consensus of $13.50, a 34.3% upside from current levels. In a report issued on April 17, Wedbush also maintained a Buy rating on the stock with a $14 price target.

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