Chegg (CHGG) Stock Forecast, Price Target & Predictions
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
CHGG Analyst Ratings
Chegg Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 06, 2024 | Eric Sheridan | Goldman Sachs | $3.75 | $2.93 | 27.99% | 107.18% |
Aug 06, 2024 | Josh Baer | Morgan Stanley | $3.00 | $2.93 | 2.39% | 65.75% |
Aug 06, 2024 | Arvind Ramnani | Piper Sandler | $2.00 | $2.93 | -31.74% | 10.50% |
Jul 16, 2024 | Josh Baer | Morgan Stanley | $3.25 | $3.17 | 2.52% | 79.56% |
Jun 18, 2024 | Jeffrey Silber | BMO Capital | $3.00 | $2.70 | 11.11% | 65.75% |
May 01, 2024 | Jeffrey Silber | BMO Capital | $7.00 | $5.17 | 35.40% | 286.74% |
Apr 30, 2024 | Eric Sheridan | Goldman Sachs | $7.00 | $5.17 | 35.53% | 286.74% |
Apr 30, 2024 | Arvind Ramnani | Piper Sandler | $6.00 | $7.17 | -16.32% | 231.49% |
Feb 06, 2024 | Arvind Ramnani | Piper Sandler | $8.50 | $8.97 | -5.24% | 369.61% |
Jan 19, 2024 | Eric Sheridan | Goldman Sachs | $8.00 | $9.84 | -18.70% | 341.99% |
Chegg Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 5 | 10 |
Avg Price Target | - | $3.00 | $5.15 |
Last Closing Price | $1.81 | $1.81 | $1.81 |
Upside/Downside | -100.00% | 65.75% | 184.53% |
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 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 | $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 |
# Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 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 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 | $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% |
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 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 | $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 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 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 | $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 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 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 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 | $0.30 | $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% |
Chegg Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
CHGG | Chegg | $1.81 | $31.88 | 1661.33% | Hold |
TWOU | 2U | $1.58 | $15.36 | 872.15% | Hold |
TAL | TAL Education Group | $7.66 | $21.83 | 184.99% | Buy |
COUR | Coursera | $7.98 | $19.17 | 140.23% | Buy |
UDMY | Udemy | $8.04 | $16.71 | 107.84% | Buy |
DAO | Youdao | $3.22 | $6.50 | 101.86% | Buy |
GOTU | Gaotu Techedu | $2.66 | $2.94 | 10.53% | Buy |
EDU | New Oriental Education & Technology Group | $61.25 | $62.70 | 2.37% | Buy |
LRN | Stride | $81.99 | $66.75 | -18.59% | Buy |
ATGE | Adtalem Global Education | $73.63 | $49.80 | -32.36% | Buy |
CHGG Forecast FAQ
Is Chegg a good buy?
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.
What is CHGG's price target?
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.
Will Chegg stock go up soon?
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.
Can Chegg stock reach $3?
CHGG's average twelve months analyst stock price target of $31.88 supports the claim that Chegg can reach $3 in the near future.
What are Chegg's analysts' financial forecasts?
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).
Did the CHGG's actual financial results beat the analysts' financial forecasts?
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%