Morgan Stanley cuts Chegg stock to underweight amid pressures from AI

Investing.com

01-15

Investing.com -- Morgan Stanley downgraded Chegg Inc (NYSE:CHGG) to "Underweight" on deteriorating third-party data trends and a challenging competitive environment.

The brokerage set a price target of $1.25, reflecting concerns about declining revenue and margins.

Web traffic and app downloads weakened in November and December, while Chegg’s subscriber trends continued to underperfom historical seasonality throughout 2024.

Morgan Stanley (NYSE:MS) expects intensifying competition from AI-driven content to further erode Chegg’s market position as students migrate away.

The firm’s 2025 and 2026 revenue and EBITDA estimates are 12%-24% and 31%-57% below consensus, highlighting a potential overvaluation for the stock, which has rallied over 20% since November lows. Morgan Stanley forecasts negative revenue growth and sees the market underpricing demand risks.

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Morgan Stanley cuts Chegg stock to underweight amid pressures from AI

European shares little changed amid threats of rising yields and tariffs

JPMorgan's Piepszak exits CEO race to become operations chief

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Morgan Stanley forecasts negative revenue growth and sees the market underpricing demand risks.</p>\n<p>Related Articles</p>\n<p>Morgan Stanley cuts Chegg stock to underweight amid pressures from AI</p>\n<p>European shares little changed amid threats of rising yields and tariffs</p>\n<p>JPMorgan's Piepszak exits CEO race to become operations chief</p>\n</body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley cuts Chegg stock to underweight amid pressures from AI</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Morgan Stanley forecasts negative revenue growth and sees the market underpricing demand risks.European shares little changed amid threats of rising yields and tariffs. JPMorgan's Piepszak exits CEO race to become operations chief","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"CHGG":"Chegg Inc"},"translate_title":"迫于人工智能压力，大摩将Chegg股票减至跑输大盘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHGG":1},"content_text":"Investing.com -- Morgan Stanley downgraded Chegg Inc (NYSE:CHGG) to \"Underweight\" on deteriorating third-party data trends and a challenging competitive environment.\nThe brokerage set a price target of $1.25, reflecting concerns about declining revenue and margins.\nWeb traffic and app downloads weakened in November and December, while Chegg’s subscriber trends continued to underperfom historical seasonality throughout 2024.\n Morgan Stanley (NYSE:MS) expects intensifying competition from AI-driven content to further erode Chegg’s market position as students migrate away.\nThe firm’s 2025 and 2026 revenue and EBITDA estimates are 12%-24% and 31%-57% below consensus, highlighting a potential overvaluation for the stock, which has rallied over 20% since November lows. Morgan Stanley forecasts negative revenue growth and sees the market underpricing demand risks.\nRelated Articles\nMorgan Stanley cuts Chegg stock to underweight amid pressures from AI\nEuropean shares little changed amid threats of rising yields and tariffs\nJPMorgan's Piepszak exits CEO race to become operations chief","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}