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Chegg (CHGG) Stock Forecast & Price Target

$2.70
+0.09 (+3.45%)
(As of 06/18/2024 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

Consensus Price Target

$7.31
170.83% Upside
High Forecast$10.00
Average Forecast$7.31
Low Forecast$4.00
TypeCurrent Forecast
6/20/23 to 6/19/24
1 Month Ago
5/21/23 to 5/20/24
3 Months Ago
3/22/23 to 3/21/24
1 Year Ago
6/20/22 to 6/20/23
Consensus Rating
Sell
Sell
Reduce
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)
1 Buy rating(s)
2 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
10 Hold rating(s)
Sell
5 Sell rating(s)
5 Sell rating(s)
4 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$7.31$7.31$10.22$18.77
Forecasted Upside170.83% Upside-9.22% Downside-8.87% Downside1.30% 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.
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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
1.44
2.60
2.50
Consensus RatingSellModerate BuyHold
Predicted Upside170.83% Upside208.43% Upside11.31% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/18/2024Needham & Company LLC
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 Reiterated RatingHold
4/30/2024Piper Sandler
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 Reiterated RatingUnderweight ➝ Underweight$8.50 ➝ $6.00-16.32%
4/30/2024Craig Hallum
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 Reiterated RatingBuy ➝ Hold$13.00 ➝ $7.00-2.37%
4/30/2024Jefferies Financial Group
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 DowngradeHold ➝ Underperform$7.00 ➝ $4.00-44.21%
4/19/2024Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$8.50 ➝ $7.00-1.41%
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%
2/6/2024The Goldman Sachs Group
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 Lower TargetSell ➝ Sell$8.00 ➝ $7.00-18.79%
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
5/2/2023Northland Securities
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 DowngradeOutperform ➝ Market Perform
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%
11/2/2022Citigroup
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 Boost TargetNeutral$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 Wednesday at 06:03 AM ET.

CHGG Forecast - Frequently Asked Questions

What is Chegg's stock forecast and purchase recommendation?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Chegg is $7.31, with a high forecast of $10.00 and a low forecast of $4.00. The consensus rating for Chegg stock is Strong Sell based on the current 5 sell ratings and 4 hold ratings for CHGG. Learn more on CHGG's analyst rating history.

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 Sell while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CHGG compares to other companies.

Is Chegg being downgraded by Wall Street analysts?

Over the previous 90 days, Chegg's stock had 1 downgrade by analysts.

Does Chegg's stock price have much downside?

According to analysts, Chegg's stock has a predicted downside of -9.22% based on their 12-month stock forecasts.

What analysts cover Chegg?

Chegg has been rated by research analysts at Craig Hallum, Jefferies Financial Group, Morgan Stanley, Needham & Company LLC, and Piper Sandler in the past 90 days.


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This page (NYSE:CHGG) was last updated on 6/19/2024 by MarketBeat.com Staff

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