
Chegg (CHGG) Stock Forecast & Price Target
Chegg (CHGG) Analyst Ratings
Bulls say
Chegg Inc. is poised for significant financial improvement, forecasting non-GAAP cost savings between $45 million and $55 million for fiscal year 2025, and between $100 million and $110 million for fiscal year 2026, demonstrating a proactive approach to enhancing operational efficiency. This projected savings is in addition to the $120 million in savings anticipated from restructuring initiatives already in place for 2025, reflecting the company's commitment to strategic cost management. Overall, Chegg's efforts to streamline operations in response to evolving market dynamics, particularly in the face of technological changes driven by generative AI, could bolster its financial health and position in the educational services sector.
Bears say
Chegg Inc reported a total revenue decline of 30.4% year-over-year for 1Q25, primarily driven by a substantial decrease in Subscription Services revenue, which fell by 30.2%. The company's non-GAAP operating margin of -9.7% was significantly below expectations, primarily due to lower gross margins. Additionally, the guidance for 2Q25 revenue and Subscription revenue fell short of market consensus, indicating ongoing challenges in the company's financial performance.
This aggregate rating is based on analysts' research of Chegg and is not a guaranteed prediction by Public.com or investment advice.
Chegg (CHGG) Analyst Forecast & Price Prediction
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