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Chegg (CHGG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CHGG Stock Forecast

Chegg (CHGG) stock forecast, based on 19 Wall Street analysts, predicts a 12-month average price target of $3.06, with a high of $4.00 and a low of $1.50. This represents a 105.37% increase from the last price of $1.49.

$1 $3 $5 $7 $9 $11 $12 High: $4 Avg: $3.06 Low: $1.5 Last Closed Price: $1.49

CHGG Stock Rating

Chegg stock's rating consensus is Hold, based on 19 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 2 Buy (10.53%), 11 Hold (57.89%), 6 Sell (31.58%), and 0 Strong Sell (0.00%).

Hold
Total 19 0 6 11 2 Strong Sell Sell Hold Buy Strong Buy

CHGG Price Target Upside V Benchmarks

TypeNameUpside
StockChegg105.37%
SectorConsumer Defensive Stocks 12.89%
IndustryEducation Stocks 15.97%
IdeaOnline Education Stocks List14.86%

Price Target Trends

1M3M12M
# Anlaysts-111
Avg Price Target-$1.50$4.45
Last Closing Price$1.49$1.49$1.49
Upside/Downside-0.67%198.66%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 25--72110
Jan, 25--92112
Dec, 24--121114
Nov, 2425121121
Oct, 2425121121
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 14, 2024Arvind RamnaniPiper Sandler$1.50$1.70-11.76%0.67%
Oct 22, 2024Mike GrondahlNorthland Securities$4.00$1.52163.16%168.46%
Aug 06, 2024Eric SheridanGoldman Sachs$3.75$2.9327.99%151.68%
Aug 06, 2024Josh BaerMorgan Stanley$3.00$2.932.39%101.34%
Aug 06, 2024Arvind RamnaniPiper Sandler$2.00$2.93-31.74%34.23%
Jul 16, 2024Josh BaerMorgan Stanley$3.25$3.172.52%118.12%
Jun 18, 2024Jeffrey SilberBMO Capital$3.00$2.7011.11%101.34%
May 01, 2024Jeffrey SilberBMO Capital$7.00$5.1735.40%369.80%
Apr 30, 2024Eric SheridanGoldman Sachs$7.00$5.1735.40%369.80%
Apr 30, 2024Arvind RamnaniPiper Sandler$6.00$7.17-16.32%302.68%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 14, 2025Morgan StanleyEqual-WeightUnderweightdowngrade
Nov 14, 2024Piper SandlerUnderweightUnderweighthold
Aug 06, 2024Goldman SachsSellNeutralupgrade
Aug 06, 2024Morgan StanleyEqual-WeightEqual-Weighthold
Aug 06, 2024Piper SandlerUnderweightUnderweighthold
Jul 22, 2024CitigroupNeutralNeutralhold
Jul 16, 2024Morgan StanleyUnderweightEqual-Weightupgrade
Jun 18, 2024BMO CapitalMarket PerformMarket Performhold
May 01, 2024BMO CapitalMarket PerformMarket Performhold
May 01, 2024BMO CapitalOutperformOutperformhold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$-0.05$-0.01$2.09$0.71---
Avg Forecast$1.25$1.23$1.29$1.17$0.78$0.63$0.50
High Forecast$1.15$1.13$1.18$1.08$0.64$0.46$0.49
Low Forecast$1.30$1.28$1.39$1.22$0.83$0.85$0.52
Surprise %-104.00%-100.81%62.02%-39.32%---

Revenue Forecast

$400M $490M $580M $670M $760M $850M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$644.34M$776.26M$766.90M$716.29M---
Avg Forecast$628.56M$763.87M$764.41M$714.10M$616.13M$514.17M$448.64M
High Forecast$590.20M$717.25M$715.20M$713.68M$615.80M$467.89M$448.64M
Low Forecast$648.65M$788.28M$810.38M$714.99M$616.54M$568.28M$448.64M
Surprise %2.51%1.62%0.33%0.31%---

Net Income Forecast

$-50M $20M $90M $160M $230M $300M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$-6.22M$-1.46M$266.64M$82.44M---
Avg Forecast$3.96M$-18.96M$33.21M$18.18M$94.11M$83.89M$64.85M
High Forecast$-7.97M$-42.98M$26.57M$14.54M$81.65M$58.53M$63.42M
Low Forecast$15.88M$5.06M$39.85M$21.82M$106.56M$109.26M$66.28M
Surprise %-257.17%-92.31%702.88%353.49%---

CHGG Forecast FAQ

Is Chegg stock a buy?

Chegg stock has a consensus rating of Hold, based on 19 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 2 Buy, 11 Hold, 6 Sell, and 0 Strong Sell, reflecting a consensus that Chegg is a neutral investment for most analysts.

What is Chegg's price target?

Chegg's price target, set by 19 Wall Street analysts, averages $3.06 over the next 12 months. The price target range spans from $1.5 at the low end to $4 at the high end, suggesting a potential 105.37% change from the previous closing price of $1.49.

How does Chegg stock forecast compare to its benchmarks?

Chegg's stock forecast shows a 105.37% upside, outperforming the average forecast for the consumer defensive stocks sector (12.89%) and outperforming the education stocks industry (15.97%), leading the online education stocks list (14.86%) investment idea.

What is the breakdown of analyst ratings for Chegg over the past three months?

  • February 2025: 0% Strong Buy, 0% Buy, 70.00% Hold, 20.00% Sell, 10.00% Strong Sell.
  • January 2025: 0% Strong Buy, 0% Buy, 75.00% Hold, 16.67% Sell, 8.33% Strong Sell.
  • December 2024: 0% Strong Buy, 0% Buy, 85.71% Hold, 7.14% Sell, 7.14% Strong Sell.

What is Chegg’s EPS forecast?

Chegg's average annual EPS forecast for its fiscal year ending in December is $0.78 for 2024, a 9.86% increase from the reported $0.71 in 2023. The prediction for 2025 is $0.63, and $0.5 for 2026.

What is Chegg’s revenue forecast?

Chegg's average annual revenue forecast for its fiscal year ending in December is $616.13M for 2024, a -13.98% decrease from the reported $716.3M in 2023. The forecast for 2025 is $514.17M, and $448.64M for 2026.

What is Chegg’s net income forecast?

For its fiscal year ending in December, Chegg's average annual net income forecast is $94.11M for 2024, reflecting an 14.14% increase from the reported $82.44M in 2023. The projection for 2025 is $83.89M, and $64.85M for 2026.