Chegg (NYSE:CHGG) Stock

CHEGG INC

Chegg

Chegg Inc is an American educational services company. The Chegg platform provides products and services to support learners with their academic course materials, as well as their career and personal skills development. The company's service and product offerings fall into two categories: Subscription Services, which encompasses Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through the company's websites and on mobile devices, and Skills and Other, which encompasses skills, advertising services, print textbooks, and eTextbooks offerings.

Chegg Inc

<h3>Gainers</h3>
<ul>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock rose 12.8% to $0.61 during Monday's pre-market session. The market value of their outstanding shares is at $8.0 million. </li>
<li>VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) shares rose 11.69% to $3.82. The company's market cap stands at $8.9 billion. As per the news, the Q1 earnings report came out today. </li>
<li>PLBY Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) shares moved upwards by 10.04% to $1.75. The company's market cap stands at $164.3 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares increased by 9.99% to $2.75. The market value of their outstanding shares is at $6.9 million. </li>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares increased by 9.2% to $1.78. The market value of their outstanding shares is at $189.6 million. </li>
<li>JX Luxventure Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JXG#NASDAQ">JXG</a>) stock moved upwards by 8.57% to $2.66. The company's market cap stands at $10.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Children's Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) shares decreased by 21.1% to $5.41 during Monday's pre-market session. The market value of their outstanding shares is at $119.2 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Springview Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPHL#NASDAQ">SPHL</a>) stock declined by 7.63% to $0.47. The market value of their outstanding shares is at $5.4 million. </li>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) stock fell 6.54% to $2.29. The company's market cap stands at $7.0 million. </li>
<li>Linkage Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) shares fell 6.23% to $2.26. The market value of their outstanding shares is at $5.8 million. </li>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) stock declined by 5.98% to $39.0. The market value of their outstanding shares is at $27.2 million. </li>
<li>Xcel Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELB#NASDAQ">XELB</a>) stock fell 5.3% to $1.79. The market value of their outstanding shares is at $4.2 million. As per the press release, Q1 earnings came out 3 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) stock moved upwards by 44.6% to $1.75 during Friday's regular session. The market value of their outstanding shares is at $186.4 million. </li>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) stock moved upwards by 31.23% to $8.85. The market value of their outstanding shares is at $35.5 million. The company's, Q1 earnings came out yesterday. </li>
<li>iRobot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) shares moved upwards by 16.56% to $3.9. The company's market cap stands at $119.6 million. </li>
<li>GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) shares moved upwards by 15.87% to $0.8. The market value of their outstanding shares is at $125.2 million. </li>
<li>QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) stock rose 15.74% to $6.47. The company's market cap stands at $330.7 million. The company's, Q3 earnings came out today. </li>
<li>Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) shares increased by 15.15% to $6.99. The market value of their outstanding shares is at $123.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>YSX Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YSXT#NASDAQ">YSXT</a>) stock fell 29.1% to $5.0 during Friday's regular session. The market value of their outstanding shares is at $117.1 million. </li>
<li>Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) shares fell 24.89% to $2.72. The company's market cap stands at $758.5 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) shares fell 22.13% to $0.27. The market value of their outstanding shares is at $6.5 million. </li>
<li>Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) stock declined by 20.18% to $264.05. The company's market cap stands at $33.0 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>G-III Apparel Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) shares fell 15.08% to $23.5. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Mullen Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) shares decreased by 13.32% to $7.03. The market value of their outstanding shares is at $3.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) shares increased by 14.4% to $30.9 during Tuesday's pre-market session. The market value of their outstanding shares is at $255.7 million. As per the news, the Q1 earnings report came out today. </li>
<li>Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) shares moved upwards by 12.85% to $75.4. The company's market cap stands at $3.1 billion. As per the press release, Q1 earnings came out today. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock increased by 11.47% to $0.01. The company's market cap stands at $6.9 million. </li>
<li>QVC Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QVCGA#NASDAQ">QVCGA</a>) shares increased by 7.34% to $3.8. The company's market cap stands at $30.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ECD Automotive Design (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECDA#NASDAQ">ECDA</a>) shares fell 9.7% to $0.31 during Tuesday's pre-market session. The market value of their outstanding shares is at $10.8 million. </li>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) stock fell 8.34% to $1.1. The company's market cap stands at $117.2 million. </li>
<li>Yoshiharu Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YOSH#NASDAQ">YOSH</a>) stock fell 8.03% to $14.55. The market value of their outstanding shares is at $25.6 million. </li>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) stock declined by 5.42% to $52.37. The company's market cap stands at $36.5 million. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) stock decreased by 5.38% to $1.76. The market value of their outstanding shares is at $503.6 million. </li>
<li>Lazydays Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) stock decreased by 5.19% to $0.27. The company's market cap stands at $29.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Classover Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIDZ#NASDAQ">KIDZ</a>) stock moved upwards by 30.1% to $3.46 during Monday's regular session. The company's market cap stands at $81.9 million. </li>
<li>United Homes Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UHG#NASDAQ">UHG</a>) shares moved upwards by 17.88% to $3.56. The market value of their outstanding shares is at $208.6 million. </li>
<li>Perfect Moment (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PMNT#AMEX">PMNT</a>) shares moved upwards by 17.18% to $0.75. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares increased by 16.99% to $1.79. The market value of their outstanding shares is at $512.2 million. </li>
<li>Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) shares rose 16.86% to $5.96. The company's market cap stands at $105.7 million. The company's, Q1 earnings came out 2 days ago. </li>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) stock increased by 13.72% to $1.16. The market value of their outstanding shares is at $123.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) stock decreased by 38.1% to $47.5 during Monday's regular session. The company's market cap stands at $33.1 million. </li>
<li>High Roller Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ROLR#AMEX">ROLR</a>) stock decreased by 25.01% to $3.27. The market value of their outstanding shares is at $27.5 million. </li>
<li>ContextLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGC#NASDAQ">LOGC</a>) stock declined by 17.02% to $6.8. The company's market cap stands at $181.5 million. </li>
<li>Allied Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGAE#NASDAQ">AGAE</a>) stock fell 15.62% to $2.54. The company's market cap stands at $112.0 million. </li>
<li>QVC Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QVCGP#NASDAQ">QVCGP</a>) stock declined by 12.88% to $4.93. </li>
<li>LiveWire Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NYSE">LVWR</a>) shares declined by 12.45% to $3.94. The market value of their outstanding shares is at $802.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Monday's Intraday Session

Needham analyst Ryan MacDonald reiterates Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) from Hold to Hold.

News

Reiteration

Analyst Ratings

Needham Reiterates Hold on Cheggto Hold

Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) sees Q2 sales of $100.000 million-$102.000 million vs $114.61 million analyst estimate.

Guidance

Chegg Sees Q2 Sales $100.000M-$102.000M vs $114.61M Est

Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) reported quarterly losses of $(0.06) per share. This is a 123.08 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $121.39 million which beat the analyst consensus estimate of $114.61 million by 5.92 percent. This is a 30.38 percent decrease over sales of $174.35 million the same period last year.

Earnings

Earnings Beats

Chegg Q1 Adj. EPS $(0.06) Down From $0.26 YoY, Sales $121.39M Beat $114.61M Estimate

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Bakkt Holdings, Inc. Class A Common Stock

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Earnings Scheduled For May 12, 2025

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Chegg shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight.

JP Morgan analyst Bryan Smilek downgrades Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) from Neutral to Underweight.

Downgrades

JP Morgan Downgrades Chegg to Underweight

Chegg Received NYSE Noncompliance Notice

<h3>Gainers</h3>
<ul>
<li>Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) stock rose 28.7% to $3.14 during Thursday's regular session. The market value of their outstanding shares is at $865.5 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Damon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMN#NASDAQ">DMN</a>) stock rose 20.3% to $0.05. The market value of their outstanding shares is at $7.4 million. </li>
<li>Yoshiharu Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YOSH#NASDAQ">YOSH</a>) stock moved upwards by 15.48% to $17.15. The company's market cap stands at $29.6 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock rose 13.58% to $0.88. The company's market cap stands at $12.8 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) stock moved upwards by 11.86% to $1.32. The company's market cap stands at $146.7 million. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares increased by 11.63% to $0.72. The company's market cap stands at $76.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) stock declined by 28.6% to $13.0 during Thursday's regular session. The market value of their outstanding shares is at $15.1 million. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares declined by 21.42% to $22.29. The company's market cap stands at $9.9 billion. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>Mullen Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) stock declined by 16.77% to $0.17. </li>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) stock decreased by 10.94% to $0.28. The company's market cap stands at $21.9 million. </li>
<li>Adient (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) shares fell 10.48% to $13.51. The company's market cap stands at $1.1 billion. </li>
<li>Lottery.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) shares decreased by 10.09% to $0.94. The company's market cap stands at $11.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

Google, a subsidiary of&nbsp;Alphabet Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), has reached an agreement to settle a class-action lawsuit for $28 million. The lawsuit expressed suspicion that the tech giant gave preferential treatment to white and Asian employees over others.
What Happened: The lawsuit, led by Ana Cantu, claimed that Google paid white and Asian employees more and placed them on higher career paths than other employees.
Judge Charles Adams of the Santa Clara County Superior Court in California gave preliminary approval to the settlement last week, deeming it fair and reasonable, as reported by Reuters.
Cantu stated that Google&#8217;s actions breached the California Equal Pay Act. She departed from the company in September 2021. After deducting $7 million for legal fees, the net settlement proceeds amount to $20.4 million.
Google spokesperson Courtenay Mencini confirmed&nbsp;the settlement but maintained that the company disagrees with the allegations. &#8220;We&nbsp;continue to disagree with the&nbsp;allegations that we treated anyone&nbsp;differently and remain committed to&nbsp;paying, hiring and leveling all&nbsp;employees fairly," Mencini stated.
The settlement applies to at least 6,632 individuals employed by Google in California from February 15, 2018, to December 31, 2024.
A hearing to review and approve the final settlement has been set for September 11.
SEE ALSO: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44394754/cathie-wood-hops-on-tokenization-hype-train-says-wed-love-to-tokenize-our-venture-fund">Cathie Wood Hops On Tokenization Hype Train, Says &#8216;We&#8217;d Love To Tokenize Our Venture Fund&#8217;</a>
Why It Matters: This settlement follows a series of legal challenges faced by Google. In February, Chegg Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) <a href="https://www.benzinga.com/news/legal/25/02/43930715/google-sued-over-ai-search-overviews-education-company-says-tech-giant-is-stealing-content-and-driving-publishers-out-of-business">sued</a> Google, alleging that its AI-generated search overviews were unfairly using publishers&#8217; content, reducing site traffic, and threatening the future of online publishing.
This development also comes on the heels of Google&#8217;s parent company Alphabet making its largest acquisition yet, <a href="https://www.benzinga.com/25/03/44376743/alphabet-makes-biggest-bet-yet-with-32-billion-wiz-buyout-to-boost-google-cloud-security">purchasing cloud security</a> firm Wiz for $32 billion. This acquisition, aimed at boosting Google Cloud&#8217;s security, signifies Alphabet&#8217;s commitment to expanding its cloud services amid increasing competition.
The recent settlement, therefore, adds to the growing list of legal and strategic challenges that Google and Alphabet are navigating as they continue to expand and innovate in the tech industry.
On Tuesday, the shares of Alphabet Inc. dropped 2.34% to close at $162.67.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/news/offerings/25/03/44383325/michael-saylors-bitcoin-bet-faces-peter-schiffs-wrath-whos-right-about-strategy">Michael Saylor&#8217;s Bitcoin Bet Faces Peter Schiff&#8217;s Wrath: Who&#8217;s Right About Strategy?</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

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Alphabet's Google Settles Lawsuit Over Preferential Treatment Of White, Asian Employees, To Pay $28 Million

President&nbsp;Donald Trump&nbsp;took to social media to praise&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;for its&nbsp;record <a target="_blank" href="https://www.benzinga.com/markets/25/02/43911774/trump-says-apples-500-billion-investment-is-due-to-his-policies-without-which-they-wouldnt-be-investing-ten-cents" rel="noreferrer noopener">$500 billion investment&nbsp;in the U.S</a>.
Technology
Australia's online safety regulator fined messaging platform&nbsp;Telegram&nbsp;about 1 million Australian dollars ($640,000) for failing to respond on time to an inquiry into measures preventing the&nbsp;spread of <a target="_blank" href="https://www.benzinga.com/general/social-media/25/02/43904767/telegram-fined-640000-by-australia-for-delayed-response-to-child-abuse-terrorism-inquiry-unfair-and-disproportionate-penalty" rel="noreferrer noopener">child abuse&nbsp;and extremist content</a>.
Read: <a target="_blank" href="https://www.benzinga.com/media/25/02/43905066/bytedances-ai-business-helps-boost-valuation-past-400-billion-even-as-us-tiktok-business-risks-loom" rel="noreferrer noopener">ByteDance&#8217;s AI Business Helps Boost Valuation Past $400 Billion Even As US TikTok Business Risks Loom</a>
AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) CEO&nbsp;Adam Aron&nbsp;said that the world&#8217;s biggest streamers are rethinking their approach to the big screen—Apple and&nbsp;Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are fully on board, but&nbsp;Netflix Inc. <a target="_blank" href="https://www.benzinga.com/general/entertainment/25/02/43964209/amc-ceo-says-apple-and-amazon-are-warming-up-to-theatrical-releases-but-this-streaming-giant-still-isnt-convinced" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)&nbsp;still needs convincing</a>.
Smartphones
Apple may soon integrate&nbsp;Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) <a target="_blank" href="https://www.benzinga.com/25/02/43905357/apple-and-google-team-up-ios-184-leak-suggests-gemini-ai-could-soon-power-siris-smarter-responses" rel="noreferrer noopener">Google Gemini</a><a target="_blank" href="https://www.benzinga.com/25/02/43905357/apple-and-google-team-up-ios-184-leak-suggests-gemini-ai-could-soon-power-siris-smarter-responses" rel="noreferrer noopener">&nbsp;into&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/02/43905357/apple-and-google-team-up-ios-184-leak-suggests-gemini-ai-could-soon-power-siris-smarter-responses" rel="noreferrer noopener">Siri</a>. Apple Intelligence, introduced with iOS 18, currently allows Siri to direct requests to&nbsp;OpenAI&#8217;s ChatGPT&nbsp;for more contextual responses.
Apple is reportedly preparing to launch new 13-inch and 15-inch&nbsp;MacBook Air&nbsp;models<a target="_blank" href="https://www.benzinga.com/tech/25/02/43906680/apples-m4-macbook-air-set-for-march-debut-says-top-analyst-new-13-inch-and-15-inch-models-reportedly-incoming" rel="noreferrer noopener"> featuring&nbsp;M4 chips in March</a>.
Apple is working to fix a bug in its AI-powered dictation system after&nbsp;iPhone&nbsp;users reported that saying &#8220;racist&#8221; caused the word &#8220;Trump&#8221; to <a target="_blank" href="https://www.benzinga.com/media/25/02/43963720/apples-ai-dictation-bug-that-replaces-racist-with-trump-sparks-controversy-cupertino-says-its-phonetic-overlap" rel="noreferrer noopener">appear briefly before correcting itself</a>.
Apple is reportedly developing a smart home doorbell with&nbsp;MagSafe&nbsp;and&nbsp;Face ID&nbsp;— though it may not hit the <a target="_blank" href="https://www.benzinga.com/25/02/43965672/apples-smart-doorbell-may-feature-magsafe-face-id-and-smart-lock-integrationbut-you-wont-see-it-anytime-soon" rel="noreferrer noopener">market until late 2025 or beyond</a>.
Artificial Intelligence (AI)
Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) sued&nbsp;Alphabet Inc.&#8217;s&nbsp;Google, alleging that its AI-generated search overviews are unfairly using publishers&#8217; content, reducing site traffic, and <a target="_blank" href="https://www.benzinga.com/news/legal/25/02/43930715/google-sued-over-ai-search-overviews-education-company-says-tech-giant-is-stealing-content-and-driving-publishers-out-of-business" rel="noreferrer noopener">threatening the future of online publishing</a>.
Grok, the artificial intelligence chatbot developed by&nbsp;Elon Musk&#8217;s xAI, briefly halted responses that suggested he and&nbsp;Donald Trump&nbsp;<a target="_blank" href="https://www.benzinga.com/25/02/43905475/elon-musks-truth-seeking-grok-ai-silences-trump-and-tesla-ceos-misinformation-claims-then-backtracksxai-blames-former-openai-employee" rel="noreferrer noopener">were spreading misinformation</a>.
Amazon.com, Inc. unveiled a comprehensive guide to help job seekers navigate its rigorous hiring process—an approach rooted in founder&nbsp;Jeff Bezos'&nbsp;long-standing belief that hiring the right people is <a target="_blank" href="https://www.benzinga.com/tech/25/02/43930484/jeff-bezos-knew-great-hiring-was-crucial-because-he-used-to-ascertain-one-key-thing-in-interviews-now-amazon-has-dropped-6-must-know-secrets-to-landing-a-job-at-the-tech-giant-in-2025" rel="noreferrer noopener">critical to a company's success</a>.

Equities

Large Cap

AAPL

AMZN

NFLX

Consumer Tech News (Feb 24-Feb 28): Australian Regulators Fined Telegram A$1 Million, Apple May Integrate Google Gemini AI Into Siri & More

JPMorgan analyst Bryan M. Smilek reiterated a <a href="https://www.benzinga.com/quote/CHGG/analyst-ratings">Neutral rating</a> on the shares of Chegg Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>)
The company struggles with both long-term challenges and increased competition, leading to a weaker-than-expected outlook for first-quarter, said the analyst. 
Chegg revealed it is undergoing a strategic review and considering various options, including a potential acquisition, a go-private deal, or staying as an independent public company.
The <a href="https://www.benzinga.com/news/earnings/25/02/43927381/chegg-stock-plunges-after-q4-revenue-falls-24-weak-q1-guidance-details">first-quarter revenue</a> forecast suggests a decline of 33%-35% year-over-year, with the company attributing the drop to competition from generative AI and large language models, particularly due to Google&#8217;s widespread rollout of AI-driven overviews.
In January, Chegg's global non-subscriber traffic plummeted by 49% compared to the previous year, while retention rates worsened during November and December.
Churn improved toward the end of December and has since stabilized in first quarter. Chegg believes the traffic decline is mainly due to Google's AI Overviews diverting users away from third-party websites, prompting Chegg to file a complaint against Google and its parent company, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
The complaint alleges that Google forces Chegg to provide proprietary content for its search engine, misuses its monopoly power in search and benefits from Chegg's content without compensating it.
Also Read: <a href="https://www.benzinga.com/news/management/25/02/43946567/unilever-ceo-hein-schumacher-to-step-down-fernando-fernandez-to-take-over">Unilever CEO Hein Schumacher To Step Down, Fernando Fernandez To Take Over</a>
Amid these challenges, Chegg is focused on stabilizing its business through product improvements, diversifying its marketing efforts, and growing its Enterprise/Busuu segment. 
The company acknowledges rebuilding its subscriber base and improving top-of-funnel metrics will take time, noted the analyst.
The company is also working on cost reductions and expects to achieve $100 million to $120 million in annualized non-GAAP savings by 2025 from restructuring efforts.
Despite these pressures, Chegg is committed to balancing investments in growth, profitability, debt repayments and shareholder returns, including a $207.5 million buyback authorization.
Notably, Chegg's $358.6 million in 2025 convertible senior notes will mature on March 15. While industry challenges are expected to persist into 2025, Chegg is hopeful subscriber and revenue trends will stabilize later in the year and the company will manage expenses to preserve profitability.
In light of these difficulties, the analyst reduced 2025 and 2026 revenue estimates by approximately 15% and adjusted EBITDA by 50%-56%.
The company believes enhancing its products, expanding marketing efforts and driving enterprise growth will help revive subscriber and revenue growth, though the timeline for this recovery is uncertain, the analyst wrote.
CHGG Price Action: Chegg shares are trading lower by 28.85% at $1.11 at publication Tuesday.
Read Next: • <a href="https://www.benzinga.com/25/02/43911212/tiktok-collaboration-powers-connexas-new-mena-strategy-stocks-skyrocket">TikTok Collaboration Powers Connexa&#8217;s New MENA Strate</a> Photo via Shutterstock

Price Target

General

Chegg Struggles With Declining Traffic, Revenue Amid Increased Competition, Says Analyst

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Loop Capital raised Rockwell Automation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) price target from $260 to $280. Loop Capital analyst Chris Dankert maintained a Hold rating. Rockwell Automation shares closed at $292.63 on Monday. <a href="https://www.benzinga.com/quote/ROK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies slashed the price target for Trex Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) from $81 to $71. Jefferies analyst Philip Ng maintained a Hold rating. Trex shares closed at $61.67 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/TREX/analyst-ratings">view this stock</a>.</li>
<li>Compass Point cut Core Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) price target from $26 to $20. Compass Point analyst Joe Flynn maintained a Buy rating. Core Scientific shares closed at $9.86 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/CORZ/analyst-ratings">view this stock</a>.</li>
<li>CIBC raised the price target for Nutrien Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTR#NYSE">NTR</a>) from $64 to $66. Nutrien maintained an Outperformer rating. Block shares closed at $52.20 on Monday. <a href="https://www.benzinga.com/quote/NTR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised the price target for EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) from $25 to $29. JP Morgan analyst Cory Carpenter maintained an Overweight rating. EverQuote shares closed at $20.15 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/EVER/analyst-ratings">view this stock</a>.</li>
<li>Macquarie increased Madison Square Garden Sports Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGS#NYSE">MSGS</a>) price target from $240 to $250. Macquarie analyst Paul Golding maintained an Outperform rating. Madison Square Garden Sports shares settled at $202.86 on Monday. <a href="https://www.benzinga.com/quote/MSGS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Roth MKM slashed Topgolf Callaway Brands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MODG#NYSE">MODG</a>) price target from $16 to $11. Roth MKM analyst George Kelly reiterated a Buy rating. Topgolf Callaway Brands shares closed at $6.70 on Monday. <a href="https://www.benzinga.com/quote/MODG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital raised Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) price target from $500 to $515. BMO Capital analyst Andrew Strelzik maintained an Outperform rating. Domino&#8217;s shares closed at $455.64 on Monday.  <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital lowered the price target for Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) from $224 to $212. RBC Capital analyst Mike Dahl maintained an Outperform rating. Owens Corning shares settled at $162.89 on Monday. <a href="https://www.benzinga.com/quote/OC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler cut Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) price target from $1.5 to $1. Piper Sandler analyst Arvind Ramnani maintained an Underweight rating. Chegg shares closed at $1.56 on Monday. <a href="https://www.benzinga.com/quote/CHGG/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/02/43937701/how-to-earn-500-a-month-from-lowes-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Lowe&#8217;s Stock Ahead Of Q4 Earnings</a></li>
</ul>

Trading Ideas

Core Scientific, Inc. - Class A Common Stock

CORZ

EVER

MSGS

TREX

Domino's Pizza To Rally Around 13%? Here Are 10 Top Analyst Forecasts For Tuesday

Markets fell broadly Tuesday with the S&amp;P 500 trading at five-week lows and the Nasdaq extending its three-day losing streak. The Dow Jones managed to recover midday while Wall Street digested a weaker-than-anticipated consumer confidence survey from the Conference Board, adding to concerns over the health of the U.S. <a href="https://www.benzinga.com/news/25/02/43949339/consumer-confidence-plummets-in-february-sharp-decline-marks-third-consecutive-monthly-drop">consumer and job market. </a>
Escalating trade concerns are also weighing on markets after President Donald Trump announced on Monday that tariffs on imports from Canada and Mexico "will go forward" and Bloomberg reported the White House is preparing tighter restrictions on semiconductor exports to China.&nbsp;
NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) led the Nasdaq lower as investors anticipate the company's earnings release on Wednesday and shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell after the EV giant saw a sharp decline in European sales. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43949800/tesla-competes-against-chinese-rivals-with-one-hand-tied-behind-its-back-analyst">Tesla Competes Against Chinese Rivals &#8216;With One Hand Tied Behind Its Back&#8217;: Analyst</a>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell below $88,000, its lowest since November 2024, as concerns over a slowing U.S. economy and Trump's trade policies<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43945957/liquidity-is-disappearing-bitcoins-downturn-spells-doom-for-altcoins-analyst-warns"> weighed on </a>crypto markets. 
The yield on the U.S. 10-year Treasury note fell about 9 bps to 4.32% as investors flocked toward safe-haven assets.  The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rose 1.49%. 
<h1 class="wp-block-heading">Tuesday's Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,072.35</td>
<td>-1.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,957.58</td>
<td>-0.43%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,597.47</td>
<td>0.31%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,165.29</td>
<td>-0.59%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.48% to $594.36.</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) climbed 0.28% at $435.76.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slid 0.98% to $514.78.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased down 0.38% to $215.41.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) was down 0.8% to $215.84.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) fell 1.53% to $89.56.</li>
</ul>
<h1 class="wp-block-heading">Tuesday's Stock Movers </h1>
Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares plunged after<a href="https://www.benzinga.com/general/health-care/25/02/43926641/hims-hers-health-stock-drops-after-q4-report-eps-in-line-revenues-beat"> the company reported</a> a decline gross margins in the fourth-quarter added to concern over the end of the FDA-declared shortage of semaglutide.
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) </li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) </li>
<li>Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) </li>
<li>Easterly Government Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEA#NYSE">DEA</a>) </li>
<li>Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) </li>
<li>Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) </li>
</ul>
Companies reporting after Tuesday's closing bell include:&nbsp;
<ul>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) </li>
<li>AMC Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) </li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) </li>
<li>Maplebear (Instacart) Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) </li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) </li>
<li>Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) </li>
<li>Coupang, Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) </li>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) </li>
<li>CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) </li>
</ul>
Read Next:<a href="https://www.benzinga.com/news/earnings/25/02/43945252/lucid-q4-earnings-preview-production-deliveries-margins-on-watch"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/02/43945252/lucid-q4-earnings-preview-production-deliveries-margins-on-watch">Lucid Q4 Earnings Preview: Production, Deliveries, Margins On Watch</a></li>
</ul>
Image: Shutterstock

Market Summary

Sector ETFs

Broad U.S. Equity ETFs

Treasuries

ETFs

$BTC

CART

CAVA

CPNG

SPDR Dow Jones Industrial Average ETF Trust

DNUT

FSLR

Hims & Hers Health, Inc. Class A Common Stock

HIMS

INTU

LCID

NVDA

TCOM

iShares Trust Barclays 20+ Year Treasury Bond Fund

TSLA

Bitcoin Plunges As Consumer Confidence Falls: What's Driving Markets Tuesday?

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