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Bullish Case: Chegg's stabilization at a lower price point alongside new AI integrations may attract renewed investor interest, potentially leading to a modest recovery.


Bearish Case: Ongoing competition from free AI alternatives and a significant historical decline suggest further downside risk for Chegg's stock.


Potential Outcomes:

1. Free AI impacts market share (80% chance).

2. A positive earnings surprise due to cost-cutting or new initiatives (10% probability).

3. Unexpected strategic partnerships (10% probability).


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April 11, 2024


Chegg Forecast

CHGG        Chegg
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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