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The latest update is out from Chegg ( (CHGG) ).
On May 12, 2025, Chegg announced a restructuring plan that involves reducing its global workforce by approximately 22%, impacting 248 employees, and other measures to streamline operations. This decision is in response to ongoing industry challenges affecting the business, such as a decline in traffic. The company expects to incur charges between $34 million and $38 million, primarily for employee transition and severance payments, with most charges anticipated by the fourth quarter of 2025. Chegg also negotiated an early termination of its Santa Clara headquarters lease, effective December 31, 2025, which will reduce lease obligations by $5.3 million.
The most recent analyst rating on (CHGG) stock is a Hold with a $3.25 price target. To see the full list of analyst forecasts on Chegg stock, see the CHGG Stock Forecast page.
Spark’s Take on CHGG Stock
According to Spark, TipRanks’ AI Analyst, CHGG is a Neutral.
Chegg’s overall stock score of 45 reflects significant challenges. The primary concern is the declining financial performance with negative income trends and high leverage. Technical indicators show bearish momentum, and valuation metrics are unattractive due to negative earnings. Additionally, the earnings call highlighted substantial revenue and subscriber declines, while the NYSE delisting notice adds further risk. Despite some strategic advancements, these factors collectively weigh heavily on the stock’s prospects.
To see Spark’s full report on CHGG stock, click here.
More about Chegg
Average Trading Volume: 3,089,055
Technical Sentiment Signal: Strong Sell
Current Market Cap: $72.71M
For detailed information about CHGG stock, go to TipRanks’ Stock Analysis page.