Morgan Stanley raised its rating on Chegg stock from underweight to equal weight. But the analyst lowered his one-year price target on the stock from $6.50 per share to $3.25 per share.
Investors with an interest in Internet - Software stocks have likely encountered both Chegg (CHGG) and Smartsheet (SMAR). But which of these two stocks presents investors with the better value opportunity right now?
UiPath is down 49% this year, but analysts see a return to growth next year. A new CEO and recent layoffs could stabilize Chegg, a stock that is trading for just 3 times earnings.
This business was devastated by the launch of ChatGPT, and it may never recover.
Chegg (CHGG) announces its plans to restructure and execute new strategies to increase its growth prospects and operational excellence.
Chegg announced it was cutting 23% of its workforce as part of a broader rethinking of the business. The education company has been hit hard by AI but is plotting its comeback using its own computer-assisted models.
Chegg (NYSE: CHGG ) layoffs are a hot topic on Tuesday after the direct-to-student learning platform operator announced a restructuring plan. The Chegg layoffs will have the company cutting 23% of its global workforce.
The digital-education platform Chegg Inc. on Monday said it would slash nearly a quarter of its staff, a move it said would free up space for longer-term investments as it tries to offer more than just academic guidance to students and use more artificial intelligence.
Snap and Chegg are trading for less than $20 per share. Snap's ecosystem keeps expanding while it searches for new growth avenues.
The advent and increasing availability of large language models has disrupted the viability of this business.