Chegg (CHGG) Stock Forecast & Price Target

$1.75

-0.06 (-3.31%)

(As of 09/18/2024 ET)

Chegg - Analysts' Recommendations and Stock Price Forecast (2024)

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

Reduce
Based on 10 Analyst Ratings

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

$5.47
212.70% Upside

High Forecast	$10.00
Average Forecast	$5.47
Low Forecast	$2.00

According to the 10 analysts' twelve-month price targets for Chegg, the average price target is $5.47. The highest price target for CHGG is $10.00, while the lowest price target for CHGG is $2.00. The average price target represents a forecasted upside of 212.70% from the current price of $1.75.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Reduce	Reduce	Sell	Hold
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)	4 Hold rating(s)	10 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	5 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$5.47	$5.47	$7.31	$18.62
Forecasted Upside	212.70% Upside	4.94% Upside	-9.22% Downside	17.59% Upside

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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.

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.

Chegg Stock vs. The Competition

Type	Chegg	Computer and Technology Companies	S&P 500
Consensus Rating Score	1.70	2.64	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	212.70% Upside	93.59% Upside	7.94% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/7/2024	Craig Hallum 3 of 5 stars		Lower Target	Hold ➝ Hold	$7.00 ➝ $3.00	+35.13%
8/6/2024	Morgan Stanley 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$3.25 ➝ $3.00	+32.74%
8/6/2024	Northland Securities 4 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$7.00 ➝ $6.00	+171.49%
8/6/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$6.00 ➝ $2.00	-31.74%
8/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Sheridan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$7.00 ➝ $3.75	+27.99%
8/6/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
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4/30/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Underperform	$7.00 ➝ $4.00	-44.21%
2/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$10.00 ➝ $9.00	+2.16%
2/6/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$11.00 ➝ $10.00	+9.89%
2/6/2024	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Underweight	$9.00 ➝ $8.50	-8.60%
5/3/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$20.00 ➝ $11.00	+21.15%
5/2/2023	500.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Downgrade
5/2/2023	Barrington Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Paris Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
1/19/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Weight ➝ Overweight	$29.00	+42.30%
11/2/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$25.00 ➝ $29.00	+12.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:24 AM ET.

CHGG Forecast - Frequently Asked Questions

What is Chegg's forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Chegg is $5.47, with a high forecast of $10.00 and a low forecast of $2.00.
Should I buy or sell Chegg stock right now?: 10 Wall Street research 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 research analysts is that investors should "reduce" CHGG shares.
Does Chegg's stock price have much upside?: According to analysts, Chegg's stock has a predicted upside of 4.94% based on their 12-month stock forecasts.
Has Chegg been upgraded by Wall Street analysts recently?: Over the previous 90 days, Chegg's stock had 2 upgrades by analysts.
What analysts cover Chegg?: Chegg has been rated by research analysts at Craig Hallum, Morgan Stanley, Needham & Company LLC, Northland Securities, Piper Sandler, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Chegg more than its competitors?: 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.