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NYSE: CHGG
Chegg Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for CHGG

Based on 11 analysts offering 12 month price targets for Chegg Inc.
Min Forecast
$17.00+9.75%
Avg Forecast
$22.55+45.55%
Max Forecast
$29.00+87.22%

Should I buy or sell CHGG stock?

Based on 12 analysts offering ratings for Chegg Inc.
Buy
Strong Buy
1 analysts 8.33%
Buy
3 analysts 25%
Hold
8 analysts 66.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CHGG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Goldman Sachs
Top 4%
97
HoldMaintains$18.00+16.20%2023-02-08
Barrington Research
Bottom 26%
26
BuyMaintains$22.00+42.03%2023-02-07
Northland Securities
Bottom 7%
7
BuyMaintains$24.00+54.94%2023-02-07
Morgan Stanley
Bottom 12%
12
HoldMaintains$18.00+16.20%2023-02-07
JP Morgan
Top 2%
99
HoldMaintains$19.00+22.66%2023-02-07
Piper Sandler
Bottom 1%
1
HoldMaintains$17.00+9.75%2023-02-07
KeyBanc
Bottom 3%
3
Strong BuyUpgrades$29.00+87.22%2023-01-19
BMO Capital
Top 3%
98
HoldMaintains$26.00+67.85%2022-11-03
Citigroup
Top 22%
79
HoldMaintains$29.00+87.22%2022-11-03
Needham
Top 21%
80
BuyUpgrades$28.00+80.76%2022-09-26

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Forecast return on equity

Is CHGG forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
28.66%

Forecast return on assets

Is CHGG forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

CHGG earnings per share forecast

What is CHGG's earnings per share in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
$0.42-79.9%
Avg 2 year Forecast
$0.42-79.9%

CHGG revenue forecast

What is CHGG's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$822.0M+7.18%
Avg 2 year Forecast
$936.3M+22.09%
Avg 3 year Forecast
$1.3B+65.26%
CHGG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CHGG revenue growth forecast

How is CHGG forecast to perform vs Education & Training Services companies and vs the US market?
Company
15.42%
Industry
17.57%
Market
8.77%
CHGG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CHGG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CHGG vs Education Stocks

TickerPricePrice TargetUp/downsideConsensus
CHGG$15.49$22.55+45.55%Buy
STRA$86.31$92.33+6.98%Buy
LAUR$11.27$15.00+33.10%Strong Buy
ATGE$36.59$47.00+28.45%Buy
LRN$38.03$46.40+22.01%Buy
View Top Education Stocks

Chegg Stock Forecast FAQ

Is Chegg Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NYSE: CHGG) stock is to Buy CHGG stock.

Out of 12 analysts, 1 (8.33%) are recommending CHGG as a Strong Buy, 3 (25%) are recommending CHGG as a Buy, 8 (66.67%) are recommending CHGG as a Hold, 0 (0%) are recommending CHGG as a Sell, and 0 (0%) are recommending CHGG as a Strong Sell.

If you're new to stock investing, here's how to buy Chegg stock.

What is CHGG's earnings growth forecast for 2023-2024?

(NYSE: CHGG) Chegg's forecast annual earnings growth rate of N/A is not forecast to beat the US Education & Training Services industry's average forecast earnings growth rate of N/A, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.49%.

Chegg's earnings in 2023 is $266,638,000.On average, 7 Wall Street analysts forecast CHGG's earnings for 2023 to be $53,151,792, with the lowest CHGG earnings forecast at $22,779,339, and the highest CHGG earnings forecast at $83,524,244.

In 2024, CHGG is forecast to generate $53,151,792 in earnings, with the lowest earnings forecast at $53,151,792 and the highest earnings forecast at $53,151,792.

What is CHGG's revenue growth forecast for 2023-2025?

(NYSE: CHGG) Chegg's forecast annual revenue growth rate of 15.42% is not forecast to beat the US Education & Training Services industry's average forecast revenue growth rate of 17.57%, and while it is forecast to beat the US market's average forecast revenue growth rate of 8.77%.

Chegg's revenue in 2023 is $766,897,000.On average, 8 Wall Street analysts forecast CHGG's revenue for 2023 to be $104,021,979,465, with the lowest CHGG revenue forecast at $101,693,298,229, and the highest CHGG revenue forecast at $107,998,113,140. On average, 3 Wall Street analysts forecast CHGG's revenue for 2024 to be $118,492,175,100, with the lowest CHGG revenue forecast at $113,479,075,280, and the highest CHGG revenue forecast at $121,234,174,792.

In 2025, CHGG is forecast to generate $160,391,859,049 in revenue, with the lowest revenue forecast at $160,391,859,049 and the highest revenue forecast at $160,391,859,049.

What is CHGG's forecast return on assets (ROA) for 2023-2026?

(NYSE: CHGG) forecast ROA is N/A, which is lower than the forecast US Education & Training Services industry average of N/A.

What is CHGG's Price Target?

According to 11 Wall Street analysts that have issued a 1 year CHGG price target, the average CHGG price target is $22.55, with the highest CHGG stock price forecast at $29.00 and the lowest CHGG stock price forecast at $17.00.

On average, Wall Street analysts predict that Chegg's share price could reach $22.55 by Feb 8, 2024. The average Chegg stock price prediction forecasts a potential upside of 45.55% from the current CHGG share price of $15.49.

What is CHGG's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: CHGG) Chegg's current Earnings Per Share (EPS) is $2.09. On average, analysts forecast that CHGG's EPS will be $0.42 for 2023, with the lowest EPS forecast at $0.18, and the highest EPS forecast at $0.66. In 2024, CHGG's EPS is forecast to hit $0.42 (min: $0.42, max: $0.42).

What is CHGG's forecast return on equity (ROE) for 2023-2026?

(NYSE: CHGG) forecast ROE is N/A, which is considered weak.
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