Chegg, Inc. (CHGG)
NYSE: CHGG · IEX Real-Time Price · USD
6.90
+0.09 (1.32%)
At close: Apr 17, 2024, 4:00 PM
6.88
-0.02 (-0.29%)
After-hours: Apr 17, 2024, 5:44 PM EDT
Chegg Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Chegg stock have an average target of 10.75, with a low estimate of 7.00 and a high estimate of 18. The average target predicts an increase of 55.80% from the current stock price of 6.90.
Analyst Consensus: Hold
* Price targets were last updated on Mar 11, 2024.
Analyst Ratings
The average analyst rating for Chegg stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Hold | 10 | 10 | 8 | 7 | 7 | 7 |
Sell | 1 | 1 | 1 | 2 | 2 | 2 |
Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
Total | 12 | 12 | 11 | 11 | 11 | 11 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
JP Morgan | JP Morgan | Hold Initiates $9 | Hold | Initiates | $9 | +30.43% | Mar 11, 2024 |
BMO Capital | BMO Capital | Hold Maintains $11 → $10 | Hold | Maintains | $11 → $10 | +44.93% | Feb 6, 2024 |
Piper Sandler | Piper Sandler | Hold → Sell Downgrades $9 → $8.5 | Hold → Sell | Downgrades | $9 → $8.5 | +23.19% | Feb 6, 2024 |
JP Morgan | JP Morgan | Hold Maintains $10 → $9 | Hold | Maintains | $10 → $9 | +30.43% | Feb 6, 2024 |
Goldman Sachs | Goldman Sachs | Strong Sell Maintains $8 → $7 | Strong Sell | Maintains | $8 → $7 | +1.45% | Feb 6, 2024 |
Financial Forecast
Revenue This Year
699.16M
from 716.30M
Decreased by -2.39%
Revenue Next Year
710.91M
from 699.16M
Increased by 1.68%
EPS This Year
1.16
from -0.34
EPS Next Year
1.18
from 1.16
Increased by 2.11%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 744.9M | 770.5M | 766.3M |
Avg | 699.2M | 710.9M | 707.1M |
Low | 654.1M | 634.2M | 629.8M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 4.0% | 10.2% | 7.8% |
Avg | -2.4% | 1.7% | -0.5% |
Low | -8.7% | -9.3% | -11.4% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | 1.39 | 1.49 | 1.25 |
Avg | 1.16 | 1.18 | 1.09 |
Low | 0.88 | 0.89 | 0.97 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | - | 29.0% | 5.9% |
Avg | - | 2.1% | -7.6% |
Low | - | -22.8% | -18.2% |
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.