Chegg (CHGG) Stock Forecast, Price Target & Predictions


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CHGG Stock Forecast


Chegg stock forecast is as follows: an average price target of $31.88 (represents a 1661.33% upside from CHGG’s last price of $1.81) 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 $31.88 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 $2.00. This represents a potential 1661.33% upside from CHGG's last price of $1.81.

CHGG Analyst Ratings


Hold

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 06, 2024Eric SheridanGoldman Sachs$3.75$2.9327.99%107.18%
Aug 06, 2024Josh BaerMorgan Stanley$3.00$2.932.39%65.75%
Aug 06, 2024Arvind RamnaniPiper Sandler$2.00$2.93-31.74%10.50%
Jul 16, 2024Josh BaerMorgan Stanley$3.25$3.172.52%79.56%
Jun 18, 2024Jeffrey SilberBMO Capital$3.00$2.7011.11%65.75%
May 01, 2024Jeffrey SilberBMO Capital$7.00$5.1735.40%286.74%
Apr 30, 2024Eric SheridanGoldman Sachs$7.00$5.1735.53%286.74%
Apr 30, 2024Arvind RamnaniPiper Sandler$6.00$7.17-16.32%231.49%
Feb 06, 2024Arvind RamnaniPiper Sandler$8.50$8.97-5.24%369.61%
Jan 19, 2024Eric SheridanGoldman Sachs$8.00$9.84-18.70%341.99%
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The latest Chegg stock forecast, released on Aug 06, 2024 by Eric Sheridan from Goldman Sachs, set a price target of $3.75, which represents a 27.99% increase from the stock price at the time of the forecast ($2.93), and a 107.18% increase from CHGG last price ($1.81).

Chegg Price Target by Period


1M3M12M
# Anlaysts-510
Avg Price Target-$3.00$5.15
Last Closing Price$1.81$1.81$1.81
Upside/Downside-100.00%65.75%184.53%

In the current month, the average price target of Chegg stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Chegg's last price of $1.81. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
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
Apr 30, 2024J.P. MorganNeutralNeutralHold
Apr 30, 2024KeyBancSector WeightSector WeightHold
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$159.12M$129.16M$150.84M$156.73M$162.18M$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$210.70M$172.39M$192.99M$191.13M$161.35M$130.97M$152.95M$158.92M$164.46M$134.60M$162.26M$176.48M$186.83M$158.49M$178.97M$187.80M$204.95M$160.55M$191.28M$204.74M$196.91M$175.41M$191.79M$186.31M$191.26M$145.19M$137.81M$123.84M$124.19M$90.03M
Low Forecast$207.06M$169.41M$189.66M$187.83M$158.56M$128.70M$150.31M$156.18M$161.62M$132.84M$159.46M$173.43M$185.52M$151.11M$175.87M$184.55M$201.41M$157.77M$188.37M$201.62M$193.92M$172.75M$188.87M$183.47M$188.35M$142.98M$135.72M$121.96M$122.30M$88.66M
# Analysts99998888910949136655511121110991599168
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 $173.43M, and a high forecast of $176.48M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998888910949136655511121110991599168
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$34.31M$28.07M$31.43M$31.12M$26.27M$21.33M$24.91M$25.88M$26.78M$22.15M$26.42M$26.91M$30.70M$25.13M$29.14M$24.47M$33.38M$27.97M$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$34.79M$28.47M$31.87M$31.56M$26.64M$21.63M$25.26M$26.24M$27.16M$22.23M$26.79M$32.29M$30.85M$26.17M$29.55M$29.36M$33.84M$33.56M$31.59M$26.69M$32.52M$28.97M$31.67M$-35.69M$31.58M$23.97M$22.76M$15.75M$20.51M$14.87M
Low Forecast$34.19M$27.97M$31.32M$31.02M$26.18M$21.25M$24.82M$25.79M$26.69M$21.94M$26.33M$21.53M$30.63M$24.95M$29.04M$19.57M$33.26M$22.37M$31.11M$17.79M$32.02M$28.53M$31.19M$-53.53M$31.10M$23.61M$22.41M$10.50M$20.20M$14.64M
Surprise %------------0.43%-2.30%-0.64%1.36%0.10%0.58%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998888910949136655511121110991599168
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$43.75M$20.39M$32.78M$27.81M$31.19M$13.54M$22.69M$26.73M$28.26M$7.63M$23.30M$4.63M$37.34M$17.87M$29.42M$4.21M$39.07M$6.75M$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$44.55M$20.76M$33.38M$28.32M$31.76M$13.79M$23.10M$27.21M$28.77M$8.72M$23.72M$5.56M$42.67M$22.07M$29.96M$5.05M$39.79M$8.10M$34.23M$4.59M$32.58M$19.47M$38.78M$-55.62M$50.75M$10.46M$32.73M$-2.86M$29.79M$8.33M
Low Forecast$43.55M$20.29M$32.63M$27.69M$31.05M$13.48M$22.59M$26.61M$28.13M$4.36M$23.19M$3.71M$30.94M$13.66M$29.29M$3.37M$38.90M$5.40M$33.55M$3.06M$31.93M$19.08M$38.01M$-83.43M$49.75M$10.25M$32.09M$-4.28M$29.21M$8.16M
Surprise %------------0.69%-1.02%2.17%0.52%0.05%37.27%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998888910949136655511121110991599168
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$65.13M$52.86M$61.74M$64.15M$66.38M$54.89M$65.49M$72.09M$76.10M$62.29M$72.24M$65.54M$82.73M$62.12M$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$86.24M$70.56M$78.99M$78.23M$66.04M$53.60M$62.60M$65.05M$67.31M$55.09M$66.41M$86.51M$76.47M$64.87M$73.25M$78.64M$83.89M$74.54M$78.29M$71.49M$80.60M$71.80M$78.50M$82.03M$78.28M$59.42M$56.41M$34.79M$50.83M$36.85M
Low Forecast$84.75M$69.34M$77.63M$76.88M$64.90M$52.68M$61.52M$63.92M$66.15M$54.37M$65.26M$57.67M$75.93M$61.85M$71.98M$52.43M$82.44M$49.69M$77.10M$47.66M$79.37M$70.70M$77.30M$54.69M$77.09M$58.52M$55.55M$23.19M$50.06M$36.29M
Surprise %------------0.25%1.38%0.29%1.46%1.21%1.38%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998888910949136655511121110991599168
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$0.30$0.13$0.22$0.26$0.28$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$0.43$0.20$0.33$0.28$0.31$0.13$0.23$0.27$0.28$0.08$0.23$0.25$0.42$0.22$0.29$0.26$0.39$0.14$0.33$0.25$0.32$0.19$0.38$0.28$0.49$0.10$0.32$0.16$0.29$0.08
Low Forecast$0.42$0.20$0.32$0.27$0.30$0.13$0.22$0.26$0.27$0.04$0.23$0.25$0.30$0.13$0.29$0.25$0.38$0.14$0.33$0.24$0.31$0.19$0.37$0.28$0.48$0.10$0.31$0.15$0.28$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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CHGGChegg$1.81$31.881661.33%Hold
TWOU2U$1.58$15.36872.15%Hold
TALTAL Education Group$7.66$21.83184.99%Buy
COURCoursera$7.98$19.17140.23%Buy
UDMYUdemy$8.04$16.71107.84%Buy
DAOYoudao$3.22$6.50101.86%Buy
GOTUGaotu Techedu$2.66$2.9410.53%Buy
EDUNew Oriental Education & Technology Group$61.25$62.702.37%Buy
LRNStride$81.99$66.75-18.59%Buy
ATGEAdtalem Global Education$73.63$49.80-32.36%Buy

CHGG Forecast FAQ


No, according to 19 Wall Street analysts, Chegg (CHGG) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 10.53% of CHGG's total ratings.

Chegg (CHGG) average price target is $31.88 with a range of $2 to $110, implying a 1661.33% from its last price of $1.81. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for CHGG stock, the company can go up by 1661.33% (from the last price of $1.81 to the average price target of $31.88), up by 5977.35% based on the highest stock price target, and up by 10.50% based on the lowest stock price target.

CHGG's average twelve months analyst stock price target of $31.88 supports the claim that Chegg can reach $3 in the near future.

Chegg's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $595.84M (high $604.19M, low $593.75M), average EBITDA is $98.39M (high $99.77M, low $98.05M), average net income is $94.15M (high $95.87M, low $93.72M), average SG&A $243.87M (high $247.29M, low $243.02M), and average EPS is $0.918 (high $0.934, low $0.913). CHGG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $756.61M (high $767.22M, low $753.96M), average EBITDA is $124.94M (high $126.69M, low $124.5M), average net income is $124.73M (high $127.01M, low $124.17M), average SG&A $309.68M (high $314.02M, low $308.59M), and average EPS is $1.22 (high $1.24, low $1.21).

Based on Chegg's last annual report (Dec 2023), the company's revenue was $716.3M, beating the average analysts forecast of $699.81M by 2.36%. Apple's EBITDA was $-67.725M, missing the average prediction of $109.44M by -161.88%. The company's net income was $82.44M, missing the average estimation of $88.83M by -7.19%. Apple's SG&A was $77.62M, missing the average forecast of $276.16M by -71.89%. Lastly, the company's EPS was $0.71, missing the average prediction of $1.08 by -34.30%. In terms of the last quarterly report (Dec 2023), Chegg's revenue was $187.99M, beating the average analysts' forecast of $185.94M by 1.10%. The company's EBITDA was $13.29M, missing the average prediction of $30.7M by -56.72%. Chegg's net income was $25.87M, missing the average estimation of $37.34M by -30.71%. The company's SG&A was $18.73M, missing the average forecast of $76.1M by -75.38%. Lastly, the company's EPS was $0.24, missing the average prediction of $0.364 by -34.05%