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

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Analyst price target for CHGG

Based on 7 analysts offering 12 month price targets for Chegg Inc.
Min Forecast
$18.00-5.01%
Avg Forecast
$25.43+34.19%
Max Forecast
$37.00+95.25%

Should I buy or sell CHGG stock?

Based on 11 analysts offering ratings for Chegg Inc.
Hold
Strong Buy
0 analysts 0%
Buy
1 analysts 9.09%
Hold
10 analysts 90.91%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CHGG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Northland Securities
Bottom 7%
7
BuyUpgrades$30.00+58.31%2022-09-08
Piper Sandler
Bottom 1%
1
HoldMaintains$20.00+5.54%2022-07-18
Goldman Sachs
Top 3%
98
HoldInitiates Coverage On$20.00+5.54%2022-07-15
JP Morgan
Top 2%
99
HoldMaintains$18.00-5.01%2022-06-29
Bank of America
Top 50%
51
HoldDowngrades$18.00-5.01%2022-05-03
Anonymous
Morgan Stanley
HoldMaintains$20.00+5.54%2022-05-03
William Blair
Bottom 17%
17
HoldDowngradesN/AN/A2022-05-03
KeyBanc
Bottom 3%
3
HoldDowngradesN/AN/A2022-04-12
Morgan Stanley
Bottom 3%
3
HoldMaintains$37.00+95.25%2022-02-08
Craig-Hallum
Bottom 2%
2
HoldMaintains$35.00+84.70%2022-02-08

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Forecast return on equity

Is CHGG forecast to generate an efficient return?
Company
N/A
Industry
15.83%
Market
118.57%

Forecast return on assets

Is CHGG forecast to generate an efficient return on assets?
Company
N/A
Industry
8.84%

CHGG earnings per share forecast

What is CHGG's earnings per share in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$0.28-12.5%
Avg 2 year Forecast
$0.42+31.25%
Avg 3 year Forecast
$0.42+31.25%
CHGG's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CHGG revenue forecast

What is CHGG's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$759.2M-2.21%
Avg 2 year Forecast
$822.0M+5.87%
Avg 3 year Forecast
$936.3M+20.6%
CHGG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CHGG earnings growth forecast

How is CHGG forecast to perform vs Education & Training Services companies and vs the US market?
Company
20.51%
Industry
7.57%
Market
16.42%
CHGG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
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Forecast Earnings Growth vs Market Forecast
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Forecast Earnings Growth vs Savings Rate Forecast

CHGG revenue growth forecast

How is CHGG forecast to perform vs Education & Training Services companies and vs the US market?
Company
5.75%
Industry
4.49%
Market
8.46%
CHGG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
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Forecast Revenue Growth vs Market Forecast

CHGG vs Education Stocks

TickerPricePrice TargetUp/downsideConsensus
CHGG$18.95$25.43+34.19%Hold
LOPE$79.74$86.00+7.85%Hold
GHC$535.34N/AN/A
LAUR$11.28$14.75+30.76%Strong Buy
LRN$41.01$45.00+9.73%Buy

Chegg Stock Forecast FAQ

Is Chegg Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NYSE: CHGG) stock is to Hold CHGG stock.

Out of 11 analysts, 0 (0%) are recommending CHGG as a Strong Buy, 1 (9.09%) are recommending CHGG as a Buy, 10 (90.91%) 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 2022-2024?

(NYSE: CHGG) Chegg's forecast annual earnings growth rate of 20.51% is forecast to beat the US Education & Training Services industry's average forecast earnings growth rate of 7.57%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 16.42%.

Chegg's earnings in 2022 is $44,175,000.On average, 8 Wall Street analysts forecast CHGG's earnings for 2022 to be $35,391,630, with the lowest CHGG earnings forecast at $20,223,789, and the highest CHGG earnings forecast at $50,559,472. On average, 7 Wall Street analysts forecast CHGG's earnings for 2023 to be $53,087,445, with the lowest CHGG earnings forecast at $22,751,762, and the highest CHGG earnings forecast at $83,423,128.

In 2024, CHGG is forecast to generate $53,087,445 in earnings, with the lowest earnings forecast at $53,087,445 and the highest earnings forecast at $53,087,445.

What is CHGG's revenue growth forecast for 2022-2024?

(NYSE: CHGG) Chegg's forecast annual revenue growth rate of 5.75% is forecast to beat the US Education & Training Services industry's average forecast revenue growth rate of 4.49%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.46%.

Chegg's revenue in 2022 is $776,374,000.On average, 9 Wall Street analysts forecast CHGG's revenue for 2022 to be $95,962,635,489, with the lowest CHGG revenue forecast at $95,590,264,981, and the highest CHGG revenue forecast at $96,530,671,152. On average, 8 Wall Street analysts forecast CHGG's revenue for 2023 to be $103,896,048,576, with the lowest CHGG revenue forecast at $101,570,186,484, and the highest CHGG revenue forecast at $107,867,368,672.

In 2024, CHGG is forecast to generate $118,348,726,331 in revenue, with the lowest revenue forecast at $113,341,695,459 and the highest revenue forecast at $121,087,406,508.

What is CHGG's forecast return on assets (ROA) for 2022-2025?

(NYSE: CHGG) forecast ROA is N/A, which is lower than the forecast US Education & Training Services industry average of 8.84%.

What is CHGG's Price Target?

According to 7 Wall Street analysts that have issued a 1 year CHGG price target, the average CHGG price target is $25.43, with the highest CHGG stock price forecast at $37.00 and the lowest CHGG stock price forecast at $18.00.

On average, Wall Street analysts predict that Chegg's share price could reach $25.43 by Sep 8, 2023. The average Chegg stock price prediction forecasts a potential upside of 34.19% from the current CHGG share price of $18.95.

What is CHGG's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: CHGG) Chegg's current Earnings Per Share (EPS) is $0.32. On average, analysts forecast that CHGG's EPS will be $0.28 for 2022, with the lowest EPS forecast at $0.16, and the highest EPS forecast at $0.40. 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 2022-2025?

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