Chegg: Analysts Downgrade Stock as EdTech Competition Heats Up

Court: N.D. California

Case: 5:21-cv-09953

CHGG has received a “Reduce” consensus from analysts, with a price target of $1.70. While peers like Stride LRN report strong enrollment growth and revenue guidance, Chegg continues to struggle post-pandemic. Its pivot to AI tutoring hasn’t reversed slowing demand, and investor confidence remains low amid rising competition in the digital learning space.

More news for CHGG investors—check what you might be missing right now

At the same time, CHGG agreed to a $55M settlement with investors over claims it misled them about the sustainability of its pandemic-driven growth.

You can check more information about it and file for a payout here.