Chegg, Inc. (CHGG)
NYSE: CHGG · IEX Real-Time Price · USD
3.690
-0.080 (-2.12%)
At close: May 24, 2024, 4:00 PM
3.710
+0.020 (0.54%)
After-hours: May 24, 2024, 7:59 PM EDT

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 100.00% from the current stock price of 3.69.

Analyst Consensus: Sell
Target Low Average Median High
Price $4.00 $7.38 $7.00 $10
Change +8.40% +100.00% +89.70% +171.00%

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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 111100
Buy 000000
Hold 1087785
Sell 112233
Strong Sell 011111
Total 12111111129

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Craig-Hallum
Craig-Hallum
Hold
Downgrades
$13$7
Hold Downgrades $13$7 +89.70% Apr 30, 2024
Jefferies
Jefferies
Sell
Downgrades
$7$4
Sell Downgrades $7$4 +8.40% 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 +62.60% Apr 30, 2024
Jefferies
Jefferies
Hold
Maintains
$10$7
Hold Maintains $10$7 +89.70% Apr 29, 2024
More Analyst Ratings

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%
Year 20192020202120222023202420252026
Revenue
410.93M644.34M776.27M766.90M716.30M665.59M662.71M657.40M
Revenue Growth
27.98%56.80%20.47%-1.21%-6.60%-7.08%-0.43%-0.80%
EPS
-0.08-0.05-0.011.34-0.341.051.101.05
EPS Growth
------4.40%-4.54%
No. Analysts -----17165
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
-1.4%
7.9%
5.4%
Avg
-7.1%
-0.4%
-0.8%
Low
-12.6%
-10.1%
-7.2%

EPS Forecast

EPS 202420252026
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 202420252026
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.