Chegg, Inc. (CHGG)
NYSE: CHGG · IEX Real-Time Price · USD
2.890
-0.100 (-3.34%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Chegg Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Chegg stock have an average target of 7.38, with a low estimate of 4.00 and a high estimate of 10. The average target predicts an increase of 155.36% from the current stock price of 2.89.
Analyst Consensus: Sell
* Price targets were last updated on Apr 30, 2024.
Analyst Ratings
The average analyst rating for Chegg stock from 9 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 7 | 7 | 8 | 8 | 5 | 5 |
| Sell | 2 | 2 | 3 | 3 | 3 | 3 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 11 | 11 | 12 | 12 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Jun 18, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy → Hold Downgrades $13 → $7 | Strong Buy → Hold | Downgrades | $13 → $7 | +142.21% | Apr 30, 2024 |
| Jefferies | Jefferies | Hold → Sell Downgrades $7 → $4 | Hold → Sell | Downgrades | $7 → $4 | +38.41% | Apr 30, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Apr 30, 2024 |
| Piper Sandler | Piper Sandler | Sell Reiterates $8.5 → $6 | Sell | Reiterates | $8.5 → $6 | +107.61% | Apr 30, 2024 |
Financial Forecast
Revenue This Year
665.59M
from 716.30M
Decreased by -7.08%
Revenue Next Year
662.71M
from 665.59M
Decreased by -0.43%
EPS This Year
1.05
from -0.34
EPS Next Year
1.10
from 1.05
Increased by 4.40%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 706.0M | 718.2M | 698.3M |
| Avg | 665.6M | 662.7M | 657.4M |
| Low | 626.2M | 598.4M | 614.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.4% | 7.9% | 5.4% |
| Avg | -7.1% | -0.4% | -0.8% |
| Low | -12.6% | -10.1% | -7.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.28 | 1.41 | 1.22 |
| Avg | 1.05 | 1.10 | 1.05 |
| Low | 0.81 | 0.70 | 0.82 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 33.8% | 11.0% |
| Avg | - | 4.4% | -4.5% |
| Low | - | -33.8% | -25.7% |
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.