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

OverviewForecast
EarningsDividendOwnership

Analyst price target for CHGG

Based on 10 analysts offering 12 month price targets for Chegg Inc.
Min Forecast
$50.00+69.89%
Avg Forecast
$87.20+196.3%
Max Forecast
$120.00+307.75%

Should I buy or sell CHGG stock?

Based on 12 analysts offering ratings for Chegg Inc.
Buy
Strong Buy
3 analysts 25%
Buy
2 analysts 16.67%
Hold
7 analysts 58.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

CHGG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Craig-Hallum
Top 34%
67
HoldDowngrades$50.00+69.89%2021-11-02
Needham
Top 4%
97
HoldDowngradesN/AN/A2021-11-02
Piper Sandler
Bottom 9%
9
HoldDowngrades$54.00+83.49%2021-11-02
Morgan Stanley
Bottom 22%
22
HoldDowngrades$53.00+80.09%2021-11-02
Raymond James
Top 19%
82
HoldDowngradesN/AN/A2021-11-02
KeyBanc
Bottom 15%
15
Strong BuyMaintains$56.00+90.28%2021-11-02
Anonymous
KeyBanc
Strong BuyMaintains$115.00+290.76%2021-05-04
FBN Securities
Bottom 21%
21
BuyInitiates Coverage On$105.00+256.78%2021-03-30
Citigroup
Top 35%
66
Strong BuyMaintains$120.00+307.75%2021-02-10
Lake Street
Top 41%
60
HoldMaintains$98.00+232.99%2021-02-09

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Forecast return on equity

Is CHGG forecast to generate an efficient return?
Company
N/A
Industry
41.92%
Market
37.06%

Forecast return on assets

Is CHGG forecast to generate an efficient return on assets?
Company
N/A
Industry
10.36%

CHGG earnings per share forecast

What is CHGG's earnings per share in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$0.87
Avg 2 year Forecast
$1.31
Avg 3 year Forecast
$1.73

CHGG revenue forecast

What is CHGG's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$763.9M-1.37%
Avg 2 year Forecast
$835.1M+7.82%
Avg 3 year Forecast
$980.5M+26.6%
CHGG's revenue is forecast to grow at a rate of 7.55% per year, which is not exceptional
Forecast

CHGG revenue growth forecast

How is CHGG forecast to perform vs Consumer Defensive companies and vs the US market?
Company
7.55%
Industry
1.96%
Market
10.03%
CHGG's revenues are forecast to grow faster (7.55% per year) than the US Consumer Defensive industry average (1.96%)
Forecast
CHGG's revenues are forecast to grow slower (7.55% per year) than the US market average (10.03%)
Forecast

Chegg Stock Forecast FAQ

Is Chegg Stock a good buy in 2021, 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, 3 (25%) are recommending CHGG as a Strong Buy, 2 (16.67%) are recommending CHGG as a Buy, 7 (58.33%) are recommending CHGG as a Hold, 0 (0%) are recommending CHGG as a Sell, and 0 (0%) are recommending CHGG as a Strong Sell.

What is CHGG's earnings growth forecast for 2021-2023?

(NYSE: CHGG) Chegg's forecast annual earnings growth rate of N/A is not forecast to beat the US Consumer Defensive industry's average forecast earnings growth rate of 15%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Chegg's earnings in 2021 is $279,000.On average, 7 Wall Street analysts forecast CHGG's earnings for 2021 to be $126,104,248, with the lowest CHGG earnings forecast at $110,160,032, and the highest CHGG earnings forecast at $143,497,937. On average, 4 Wall Street analysts forecast CHGG's earnings for 2022 to be $189,881,108, with the lowest CHGG earnings forecast at $131,902,144, and the highest CHGG earnings forecast at $223,219,013.

In 2023, CHGG is forecast to generate $250,759,021 in earnings, with the lowest earnings forecast at $173,936,893 and the highest earnings forecast at $327,581,149.

What is CHGG's revenue growth forecast for 2021-2023?

(NYSE: CHGG) Chegg's forecast annual revenue growth rate of 7.55% is forecast to beat the US Consumer Defensive industry's average forecast revenue growth rate of 1.96%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.03%.

Chegg's revenue in 2021 is $774,519,000.On average, 9 Wall Street analysts forecast CHGG's revenue for 2021 to be $110,722,283,367, with the lowest CHGG revenue forecast at $110,667,348,299, and the highest CHGG revenue forecast at $110,768,811,486. On average, 9 Wall Street analysts forecast CHGG's revenue for 2022 to be $121,046,742,505, with the lowest CHGG revenue forecast at $116,868,198,541, and the highest CHGG revenue forecast at $124,686,661,890.

In 2023, CHGG is forecast to generate $142,127,314,172 in revenue, with the lowest revenue forecast at $134,363,061,154 and the highest revenue forecast at $148,653,426,404.

What is CHGG's forecast return on assets (ROA) for 2021-2024?

(NYSE: CHGG) forecast ROA is N/A, which is lower than the forecast US Consumer Defensive industry average of 10.36%.

What is CHGG's Price Target?

According to 10 Wall Street analysts that have issued a 1 year CHGG price target, the average CHGG price target is $87.20, with the highest CHGG stock price forecast at $120.00 and the lowest CHGG stock price forecast at $50.00.

On average, Wall Street analysts predict that Chegg's share price could stay at $87.20 by Nov 2, 2022. The average Chegg stock price prediction forecasts a potential downside of N/A from the current CHGG share price of $29.43.

What is CHGG's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: CHGG) Chegg's current Earnings Per Share (EPS) is $0.00. On average, analysts forecast that CHGG's EPS will be $0.87 for 2021, with the lowest EPS forecast at $0.76, and the highest EPS forecast at $0.99. On average, analysts forecast that CHGG's EPS will be $1.31 for 2022, with the lowest EPS forecast at $0.91, and the highest EPS forecast at $1.54. In 2023, CHGG's EPS is forecast to hit $1.73 (min: $1.20, max: $2.26).

What is CHGG's forecast return on equity (ROE) for 2021-2024?

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