Chegg (CHGG) Stock Forecast, Price Target & Predictions
CHGG Stock Forecast
Chegg stock forecast is as follows: an average price target of $30.42 (represents a 1710.71% upside from CHGG’s last price of $1.68) and a rating consensus of 'Hold', based on 19 wall street analysts offering a 1-year stock forecast.
CHGG Price Target
The average price target for Chegg (CHGG) is $30.42 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $110.00 to $1.50. This represents a potential 1710.71% upside from CHGG's last price of $1.68.
CHGG Analyst Ratings
According to 19 Wall Street analysts, Chegg's rating consensus is 'Hold'. The analyst rating breakdown for CHGG stock is 0 'Strong Buy' (0.00%), 2 'Buy' (10.53%), 12 'Hold' (63.16%), 5 'Sell' (26.32%), and 0 'Strong Sell' (0.00%).
Chegg Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 14, 2024 | Arvind Ramnani | Piper Sandler | $1.50 | $1.70 | -11.76% | -10.71% |
| Oct 22, 2024 | Mike Grondahl | Northland Securities | $4.00 | $1.52 | 163.16% | 138.10% |
| Aug 06, 2024 | Eric Sheridan | Goldman Sachs | $3.75 | $2.93 | 27.99% | 123.21% |
| Aug 06, 2024 | Josh Baer | Morgan Stanley | $3.00 | $2.93 | 2.39% | 78.57% |
| Aug 06, 2024 | Arvind Ramnani | Piper Sandler | $2.00 | $2.93 | -31.74% | 19.05% |
| Jul 16, 2024 | Josh Baer | Morgan Stanley | $3.25 | $3.17 | 2.52% | 93.45% |
| Jun 18, 2024 | Jeffrey Silber | BMO Capital | $3.00 | $2.70 | 11.11% | 78.57% |
| May 01, 2024 | Jeffrey Silber | BMO Capital | $7.00 | $5.17 | 35.40% | 316.67% |
| Apr 30, 2024 | Eric Sheridan | Goldman Sachs | $7.00 | $5.17 | 35.53% | 316.67% |
| Apr 30, 2024 | Arvind Ramnani | Piper Sandler | $6.00 | $7.17 | -16.32% | 257.14% |
The latest Chegg stock forecast, released on Nov 14, 2024 by Arvind Ramnani from Piper Sandler, set a price target of $1.50, which represents a -11.76% decrease from the stock price at the time of the forecast ($1.70), and a -10.71% decrease from CHGG last price ($1.68).
Chegg Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 12 |
| Avg Price Target | $2.75 | $2.75 | $4.75 |
| Last Closing Price | $1.68 | $1.68 | $1.68 |
| Upside/Downside | 63.69% | 63.69% | 182.74% |
In the current month, the average price target of Chegg stock is $2.75, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 63.69% increase as opposed to Chegg's last price of $1.68. This month's average price target is down 0.00% compared to last quarter, and down -42.11% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 06, 2024 | Goldman Sachs | Sell | Neutral | Upgrade |
| Aug 06, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 06, 2024 | Piper Sandler | Underweight | Underweight | Hold |
| Jul 22, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jul 16, 2024 | Morgan Stanley | Underweight | Equal-Weight | Upgrade |
| Jun 18, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| May 01, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| May 01, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Apr 30, 2024 | J.P. Morgan | Neutral | Neutral | Hold |
| Apr 30, 2024 | KeyBanc | Sector Weight | Sector Weight | Hold |
Chegg's last stock rating was published by Goldman Sachs on Aug 06, 2024. The company Upgrade its CHGG rating from "Sell" to "Neutral".
Chegg Financial Forecast
Chegg Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $187.99M | $157.85M | $182.85M | $187.60M | $205.19M | $164.74M | $194.72M | $202.24M | $207.47M | $171.94M | $198.48M | $198.38M | $205.72M | $154.02M | $153.01M | $131.59M | $125.50M | $94.15M |
| Avg Forecast | $207.79M | $170.01M | $190.33M | $188.49M | $130.37M | $116.28M | $134.43M | $138.98M | $143.98M | $134.12M | $160.02M | $174.04M | $185.94M | $152.18M | $176.49M | $185.20M | $202.12M | $158.33M | $189.62M | $202.96M | $195.20M | $173.89M | $190.12M | $184.69M | $189.60M | $143.92M | $136.61M | $122.77M | $123.11M | $89.25M |
| High Forecast | $222.80M | $182.29M | $204.08M | $202.11M | $139.79M | $124.68M | $144.15M | $145.61M | $144.38M | $134.38M | $160.02M | $174.04M | $186.83M | $158.49M | $189.25M | $198.58M | $216.72M | $158.33M | $189.62M | $202.96M | $195.20M | $173.89M | $190.12M | $184.69M | $189.60M | $143.92M | $136.61M | $122.77M | $123.11M | $89.25M |
| Low Forecast | $199.54M | $163.26M | $182.77M | $181.01M | $125.19M | $111.66M | $129.10M | $131.33M | $143.63M | $133.86M | $160.02M | $174.04M | $185.52M | $151.11M | $169.49M | $177.85M | $194.09M | $158.33M | $189.62M | $202.96M | $195.20M | $173.89M | $190.12M | $184.69M | $189.60M | $143.92M | $136.61M | $122.77M | $123.11M | $89.25M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 7 | 4 | 9 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.04% | 1.04% | 1.01% | 1.02% | 1.04% | 1.03% | 1.00% | 1.06% | 0.99% | 1.04% | 1.07% | 1.09% | 1.07% | 1.12% | 1.07% | 1.02% | 1.05% |
Chegg's average Quarter revenue forecast for Mar 24 based on 4 analysts is $174.04M, with a low forecast of $174.04M, and a high forecast of $174.04M. CHGG's average Quarter revenue forecast represents a -7.42% decrease compared to the company's last Quarter revenue of $187.99M (Dec 23).
Chegg EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 7 | 4 | 9 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $13.29M | $-57.87M | $-18.70M | $33.17M | $3.46M | $16.29M | $29.27M | $28.73M | $46.18M | $27.56M | $54.85M | $-41.82M | $69.13M | $-1.72M | $39.43M | $21.01M | $31.46M | $10.13M |
| Avg Forecast | $36.32M | $29.72M | $33.27M | $32.95M | $22.79M | $20.33M | $23.50M | $24.30M | $25.17M | $23.45M | $27.97M | $26.91M | $32.50M | $26.60M | $30.85M | $24.47M | $30.09M | $26.14M | $31.31M | $22.24M | $32.23M | $28.71M | $31.39M | $-44.61M | $31.31M | $23.77M | $22.56M | $13.13M | $20.33M | $14.74M |
| High Forecast | $38.95M | $31.87M | $35.68M | $35.33M | $24.44M | $21.80M | $25.20M | $25.45M | $25.24M | $23.49M | $27.97M | $32.29M | $32.66M | $27.71M | $33.08M | $29.36M | $36.10M | $26.14M | $31.31M | $26.69M | $32.23M | $28.71M | $31.39M | $-35.69M | $31.31M | $23.77M | $22.56M | $15.75M | $20.33M | $14.74M |
| Low Forecast | $34.88M | $28.54M | $31.95M | $31.64M | $21.89M | $19.52M | $22.57M | $22.96M | $25.11M | $23.40M | $27.97M | $21.53M | $32.43M | $26.42M | $29.63M | $19.57M | $24.07M | $26.14M | $31.31M | $17.79M | $32.23M | $28.71M | $31.39M | $-53.53M | $31.31M | $23.77M | $22.56M | $10.50M | $20.33M | $14.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.41% | -2.18% | -0.61% | 1.36% | 0.11% | 0.62% | 0.93% | 1.29% | 1.43% | 0.96% | 1.75% | 0.94% | 2.21% | -0.07% | 1.75% | 1.60% | 1.55% | 0.69% |
4 analysts predict CHGG's average Quarter EBITDA for Mar 24 to be $26.91M, with a high of $32.29M and a low of $21.53M. This is 102.54% upper than Chegg's previous annual EBITDA (Dec 23) of $13.29M.
Chegg Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 7 | 4 | 9 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $25.87M | $-18.28M | $63.97M | $2.19M | $1.86M | $251.56M | $7.48M | $5.74M | $24.31M | $6.65M | $32.76M | $-65.18M | $26.04M | $-37.14M | $10.59M | $-5.71M | $8.22M | $-11.48M |
| Avg Forecast | $44.23M | $20.61M | $33.14M | $28.12M | $19.58M | $11.13M | $17.66M | $19.05M | $18.42M | $7.74M | $23.55M | $4.63M | $37.74M | $18.06M | $29.74M | $4.21M | $15.84M | $13.96M | $33.84M | $3.83M | $32.21M | $19.25M | $38.34M | $-69.52M | $50.18M | $10.34M | $32.36M | $-3.57M | $29.46M | $8.24M |
| High Forecast | $48.38M | $22.55M | $36.25M | $30.76M | $21.42M | $12.17M | $19.32M | $26.19M | $24.08M | $8.47M | $23.55M | $5.56M | $43.14M | $22.31M | $32.54M | $5.05M | $19.00M | $13.96M | $33.84M | $4.59M | $32.21M | $19.25M | $38.34M | $-55.62M | $50.18M | $10.34M | $32.36M | $-2.86M | $29.46M | $8.24M |
| Low Forecast | $41.95M | $19.55M | $31.43M | $26.66M | $18.57M | $10.55M | $16.75M | $12.70M | $12.75M | $7.34M | $23.55M | $3.71M | $31.27M | $13.81M | $28.21M | $3.37M | $12.67M | $13.96M | $33.84M | $3.06M | $32.21M | $19.25M | $38.34M | $-83.43M | $50.18M | $10.34M | $32.36M | $-4.28M | $29.46M | $8.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | -1.01% | 2.15% | 0.52% | 0.12% | 18.02% | 0.22% | 1.50% | 0.75% | 0.35% | 0.85% | 0.94% | 0.52% | -3.59% | 0.33% | 1.60% | 0.28% | -1.39% |
Chegg's average Quarter net income forecast for Mar 24 is $4.63M, with a range of $3.71M to $5.56M. CHGG's average Quarter net income forecast represents a -82.10% decrease compared to the company's last Quarter net income of $25.87M (Dec 23).
Chegg SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 7 | 4 | 9 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $18.73M | $85.95M | $21.21M | $95.99M | $99.78M | $85.55M | $89.21M | $89.37M | $77.73M | $61.21M | $61.41M | $64.08M | $52.42M | $65.41M | $47.05M | $46.38M | $43.68M | $40.57M |
| Avg Forecast | $85.05M | $69.58M | $77.90M | $77.15M | $53.36M | $47.59M | $55.02M | $56.88M | $58.93M | $54.89M | $65.49M | $72.09M | $76.10M | $62.29M | $72.24M | $65.54M | $50.65M | $64.80M | $77.61M | $59.58M | $79.89M | $71.17M | $77.82M | $68.36M | $77.60M | $58.91M | $55.92M | $28.99M | $50.39M | $36.53M |
| High Forecast | $91.19M | $74.61M | $83.53M | $82.72M | $57.21M | $51.03M | $59.00M | $59.60M | $59.09M | $55.00M | $65.49M | $86.51M | $76.47M | $64.87M | $77.46M | $78.64M | $60.78M | $64.80M | $77.61M | $71.49M | $79.89M | $71.17M | $77.82M | $82.03M | $77.60M | $58.91M | $55.92M | $34.79M | $50.39M | $36.53M |
| Low Forecast | $81.67M | $66.82M | $74.81M | $74.08M | $51.24M | $45.70M | $52.84M | $53.75M | $58.78M | $54.79M | $65.49M | $57.67M | $75.93M | $61.85M | $69.37M | $52.43M | $40.52M | $64.80M | $77.61M | $47.66M | $79.89M | $71.17M | $77.82M | $54.69M | $77.60M | $58.91M | $55.92M | $23.19M | $50.39M | $36.53M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.25% | 1.38% | 0.29% | 1.46% | 1.97% | 1.32% | 1.15% | 1.50% | 0.97% | 0.86% | 0.79% | 0.94% | 0.68% | 1.11% | 0.84% | 1.60% | 0.87% | 1.11% |
Chegg's average Quarter SG&A projection for Mar 24 is $72.09M, based on 4 Wall Street analysts, with a range of $57.67M to $86.51M. The forecast indicates a 284.83% rise compared to CHGG last annual SG&A of $18.73M (Dec 23).
Chegg EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 7 | 4 | 9 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 15 | 9 | 9 | 16 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.24 | $-0.16 | $0.54 | $0.02 | $0.01 | $1.99 | $0.06 | $0.04 | $0.17 | $0.05 | $0.23 | $-0.49 | $0.20 | $-0.29 | $0.09 | $-0.05 | $0.07 | $-0.10 |
| Avg Forecast | $0.43 | $0.20 | $0.32 | $0.27 | $0.19 | $0.11 | $0.17 | $0.18 | $0.18 | $0.07 | $0.23 | $0.25 | $0.36 | $0.17 | $0.29 | $0.26 | $0.38 | $0.14 | $0.33 | $0.24 | $0.31 | $0.19 | $0.37 | $0.28 | $0.49 | $0.10 | $0.32 | $0.15 | $0.29 | $0.08 |
| High Forecast | $0.47 | $0.22 | $0.35 | $0.30 | $0.21 | $0.12 | $0.19 | $0.25 | $0.23 | $0.08 | $0.23 | $0.25 | $0.42 | $0.22 | $0.31 | $0.28 | $0.42 | $0.14 | $0.33 | $0.24 | $0.31 | $0.19 | $0.37 | $0.28 | $0.49 | $0.10 | $0.32 | $0.15 | $0.29 | $0.08 |
| Low Forecast | $0.40 | $0.19 | $0.30 | $0.26 | $0.18 | $0.10 | $0.16 | $0.12 | $0.12 | $0.07 | $0.23 | $0.25 | $0.30 | $0.13 | $0.27 | $0.24 | $0.36 | $0.14 | $0.33 | $0.24 | $0.31 | $0.19 | $0.37 | $0.28 | $0.49 | $0.10 | $0.32 | $0.15 | $0.29 | $0.08 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | -0.92% | 1.88% | 0.08% | 0.03% | 14.63% | 0.18% | 0.16% | 0.54% | 0.27% | 0.62% | -1.75% | 0.41% | -2.88% | 0.29% | -0.32% | 0.24% | -1.25% |
According to 4 Wall Street analysts, Chegg's projected average Quarter EPS for Mar 24 is $0.25, with a low estimate of $0.25 and a high estimate of $0.25. This represents a 3.54% increase compared to CHGG previous annual EPS of $0.24 (Dec 23).
Chegg Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CHGG | Chegg | $1.68 | $30.42 | 1710.71% | Hold |
| TWOU | 2U | $1.58 | $15.36 | 872.15% | Hold |
| COUR | Coursera | $6.84 | $18.35 | 168.27% | Buy |
| TAL | TAL Education Group | $9.91 | $21.83 | 120.28% | Buy |
| UDMY | Udemy | $7.55 | $14.81 | 96.16% | Buy |
| DAO | Youdao | $5.10 | $6.50 | 27.45% | Buy |
| EDU | New Oriental Education & Technology Group | $55.43 | $67.78 | 22.28% | Buy |
| GOTU | Gaotu Techedu | $2.60 | $2.94 | 13.08% | Buy |
| LRN | Stride | $101.66 | $74.60 | -26.62% | Buy |
| ATGE | Adtalem Global Education | $87.77 | $62.00 | -29.36% | Buy |