Chegg, Inc. (CHGG)
NYSE: CHGG · Real-Time Price · USD
1.630
0.00 (0.00%)
At close: Sep 26, 2024, 4:00 PM
1.680
+0.050 (3.06%)
After-hours: Sep 26, 2024, 6:26 PM EDT
Chegg Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Chegg stock have an average target of 5.53, with a low estimate of 2.00 and a high estimate of 10. The average target predicts an increase of 239.26% from the current stock price of 1.63.
Analyst Consensus: Hold
* Price targets were last updated on Aug 7, 2024.
Analyst Ratings
The average analyst rating for Chegg stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 8 | 8 | 5 | 6 | 8 | 8 |
| Sell | 3 | 3 | 3 | 2 | 2 | 2 |
| Strong Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Total | 12 | 12 | 9 | 9 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Hold Maintains $7 → $3 | Hold | Maintains | $7 → $3 | +84.05% | Aug 7, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell → Hold Upgrades $7 → $3.75 | Strong Sell → Hold | Upgrades | $7 → $3.75 | +130.06% | Aug 6, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $3.25 → $3 | Hold | Maintains | $3.25 → $3 | +84.05% | Aug 6, 2024 |
| Northland Capital Markets | Northland Capital Markets | Hold Maintains $7 → $6 | Hold | Maintains | $7 → $6 | +268.10% | Aug 6, 2024 |
| Piper Sandler | Piper Sandler | Sell Maintains $6 → $2 | Sell | Maintains | $6 → $2 | +22.70% | Aug 6, 2024 |
Financial Forecast
Revenue This Year
646.17M
from 716.30M
Decreased by -9.79%
Revenue Next Year
602.32M
from 646.17M
Decreased by -6.79%
EPS This Year
0.88
from -0.34
EPS Next Year
0.97
from 0.88
Increased by 11.05%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 671.9M | 657.5M | 647.9M |
| Avg | 646.2M | 602.3M | 581.7M |
| Low | 611.3M | 508.2M | 449.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -6.2% | 1.8% | 7.6% |
| Avg | -9.8% | -6.8% | -3.4% |
| Low | -14.7% | -21.3% | -25.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.01 | 1.46 | 1.62 |
| Avg | 0.88 | 0.97 | 1.00 |
| Low | 0.63 | 0.57 | 0.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 66.5% | 66.1% |
| Avg | - | 11.0% | 3.0% |
| Low | - | -35.1% | -32.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.