10 Best EdTech Stocks to Buy Now

7. Chegg, Inc. (NYSE:CHGG)

Number of Hedge Fund Holders: 21

Chegg, Inc. (NYSE:CHGG) is one of the best EdTech Stocks to buy now.

On October 27, 2025, Chegg said its board concluded a year-long strategic review and decided the company will remain a standalone public company. The review, run with Goldman Sachs, considered alternatives including a sale and a go-private deal; directors unanimously determined independence offers the best path to maximize long-term shareholder value. As part of the move, Executive Chairman Dan Rosensweig returned to the roles of president and CEO, while Nathan Schultz became an executive advisor to the CEO and board.

Chegg also announced a restructuring aimed at strengthening cash flow and reorienting toward the $40+ billion skilling market. Management said reduced Google traffic and AI’s impact on publishers have pressured its academic business, so Chegg will deliver services with a lower cost structure and reinvest in higher-growth areas such as language learning and workplace readiness. The plan includes reducing 388 roles (about 45% of the workforce), targeting a $100–$110 million reduction in 2026 non-GAAP expenses, and incurring $15–$19 million in mostly cash severance charges. Chegg reiterated Q3 2025 revenue and adjusted EBITDA guidance and said “Skills” businesses are expected to generate roughly $70 million of 2025 revenue with double-digit growth in 2026. Additional details are slated for the November 10, 2025 earnings call.

Chegg, Inc. (NYSE:CHGG), based in Santa Clara, California, operates a learning platform centered on Chegg Study and increasingly AI-powered support, alongside Busuu and professional upskilling offerings.