Why Is Chegg (CHGG) Stock Rocketing Higher Today

By Yahoo! Finance | Jul 16, 2024 at 01:08 PM EST

Shares of Chegg surged 18% after a Morgan Stanley analyst upgraded the stock due to its potential for solid free cash flow generation. The company aims for cost reductions and improved profitability through a restructuring plan focused on providing personalized support to students using AI. This move follows a previous 28.

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