Chegg, Inc. (CHGG)
NYSE: CHGG · Real-Time Price · USD
1.770
-0.080 (-4.32%)
At close: Dec 20, 2024, 4:00 PM
1.830
+0.060 (3.39%)
After-hours: Dec 20, 2024, 7:59 PM EST
Chegg Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Chegg stock have an average target of 4.75, with a low estimate of 1.50 and a high estimate of 10. The average target predicts an increase of 168.36% from the current stock price of 1.77.
Analyst Consensus: Hold
* Price targets were last updated on Nov 14, 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 6 | 8 | 8 | 8 | 8 | 8 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 10 | 10 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold Maintains $3.75 → $1.75 | Hold | Maintains | $3.75 → $1.75 | -1.13% | Nov 14, 2024 |
| Piper Sandler | Piper Sandler | Sell Maintains $2 → $1.5 | Sell | Maintains | $2 → $1.5 | -15.25% | Nov 14, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $3 → $1.5 | Hold | Maintains | $3 → $1.5 | -15.25% | Nov 13, 2024 |
| Northland Capital Markets | Northland Capital Markets | Hold Maintains $4 → $3 | Hold | Maintains | $4 → $3 | +69.49% | Nov 13, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Nov 13, 2024 |
Financial Forecast
Revenue This Year
630.61M
from 716.30M
Decreased by -11.96%
Revenue Next Year
537.05M
from 630.61M
Decreased by -14.84%
EPS This Year
0.76
from -0.34
EPS Next Year
0.68
from 0.76
Decreased by -10.07%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 660.7M | 592.3M | 524.8M |
| Avg | 630.6M | 537.1M | 463.8M |
| Low | 603.4M | 450.1M | 360.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -7.8% | -6.1% | -2.3% |
| Avg | -12.0% | -14.8% | -13.6% |
| Low | -15.8% | -28.6% | -32.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.85 | 0.88 | 1.03 |
| Avg | 0.76 | 0.68 | 0.57 |
| Low | 0.58 | 0.44 | 0.25 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 16.5% | 51.2% |
| Avg | - | -10.1% | -16.9% |
| Low | - | -41.7% | -62.6% |
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.