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Chegg (CHGG) Stock Forecast & Price Target

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$1.77 -0.08 (-4.32%)
(As of 12/20/2024 05:31 PM ET)

Chegg - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
3
Hold
7
Buy
0

Based on 10 Wall Street analysts who have issued ratings for Chegg in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 10 analysts, 3 have given a sell rating, and 7 have given a hold rating for CHGG.

Consensus Price Target

$4.69
165.22% Upside
According to the 10 analysts' twelve-month price targets for Chegg, the average price target is $4.69. The highest price target for CHGG is $10.00, while the lowest price target for CHGG is $1.50. The average price target represents a forecasted upside of 165.22% from the current price of $1.77.
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CHGG Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
2 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
8 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$4.69$4.69$5.47$14.82
Forecasted Upside165.22% Upside134.14% Upside232.66% Upside33.98% Upside
Consensus Rating
Reduce
Reduce
Reduce
Hold

CHGG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CHGG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Chegg Stock vs. The Competition

TypeCheggComputer and Technology CompaniesS&P 500
Consensus Rating Score
1.70
2.69
2.51
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside165.22% Upside265.03% Upside14.53% Upside
News Sentiment Rating
Positive News

See Recent CHGG News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/14/2024The Goldman Sachs Group
2 of 5 stars
E. Sheridan
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Lower TargetNeutral ➝ Neutral$3.75 ➝ $1.75+4.79%
11/14/2024Piper Sandler
2 of 5 stars
 Lower TargetUnderweight ➝ Underweight$2.00 ➝ $1.50-4.76%
11/13/2024Craig Hallum
3 of 5 stars
 Lower TargetHold ➝ Hold$3.00 ➝ $1.50-1.64%
11/13/2024Needham & Company LLC
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 Reiterated RatingHold
11/13/2024Northland Securities
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 Lower TargetMarket Perform ➝ Market Perform$4.00 ➝ $3.00+69.01%
8/6/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$3.25 ➝ $3.00+32.74%
4/30/2024Jefferies Financial Group
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 DowngradeHold ➝ Underperform$7.00 ➝ $4.00-44.21%
2/6/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$10.00 ➝ $9.00+2.16%
2/6/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$11.00 ➝ $10.00+9.89%
2/6/2024Piper Sandler Companies
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 DowngradeUnderweight$9.00 ➝ $8.50-8.60%
5/3/2023888
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 Reiterated RatingMaintains
5/3/2023Bank of America
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 Lower Target$20.00 ➝ $11.00+21.15%
5/2/2023500.com
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 Reiterated RatingDowngrade
5/2/2023Barrington Research
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A. Paris
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DowngradeOutperform ➝ Market Perform
1/19/2023KeyCorp
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 UpgradeSector Weight ➝ Overweight$29.00+42.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:43 AM ET.


CHGG Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Chegg is $4.69, with a high forecast of $10.00 and a low forecast of $1.50.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 3 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" CHGG shares.

According to analysts, Chegg's stock has a predicted upside of 165.22% based on their 12-month stock forecasts.

Chegg has been rated by research analysts at Craig Hallum, Needham & Company LLC, Northland Securities, Piper Sandler, and The Goldman Sachs Group in the past 90 days.

Analysts like Chegg less than other "computer and technology" companies. The consensus rating for Chegg is Reduce while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CHGG compares to other companies.


This page (NYSE:CHGG) was last updated on 12/22/2024 by MarketBeat.com Staff
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