Chegg
(NYSE:CHGG)
$3.69
0.06[1.65%]
At close: May 29
$3.69
0[0.00%]
After Hours: 7:58PM EDT
Consensus Rating1
Market Perform
Highest Price Target1
$29.00
Lowest Price Target1
$4.00
Consensus Price Target1
$7.13

Chegg Stock (NYSE:CHGG), Analyst Ratings, Price Targets, Predictions

Chegg Inc has a consensus price target of $7.13, established from looking at the 77 latest analyst ratings. The last 3 analyst ratings were released from Craig-Hallum, Jefferies, and Needham on April 30, 2024. With an average price target of $3.67 between Craig-Hallum, Jefferies, and Needham, there's an implied -0.63% downside for Chegg Inc from these 3 analyst ratings.

Analyst Trend
2
Jan
2
2
Feb
1
Mar
3
Apr
Buy
Hold
Sell
Strong Sell
Analyst Rating
12345
1.6
Sell
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Craig-Hallum
Jefferies
Needham
Piper Sandler
Morgan Stanley

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Chegg

Buy NowGet Alert
04/30/2024Buy Now89.7%Craig-Hallum
Alex Fuhrman
$13 → $7DowngradeBuy → HoldGet Alert
04/30/2024Buy Now8.4%Jefferies
Brent Thill
$7 → $4DowngradeHold → UnderperformGet Alert
04/30/2024Buy NowNeedham
Ryan MacDonald
Reiterates → HoldGet Alert
04/30/2024Buy Now62.6%Piper Sandler
Arvind Ramnani
$8.5 → $6ReiteratesUnderweight → UnderweightGet Alert
04/29/2024Buy Now89.7%Jefferies
Brent Thill
$10 → $7MaintainsHoldGet Alert
04/19/2024Buy Now89.7%Morgan Stanley
Josh Baer
$8.5 → $7MaintainsUnderweightGet Alert
03/11/2024Buy Now143.9%JP Morgan
Bryan Smilek
→ $9Assumes → NeutralGet Alert
02/06/2024Buy Now171%BMO Capital
Jeffrey Silber
$11 → $10MaintainsMarket PerformGet Alert
02/06/2024Buy Now130.35%Piper Sandler
Arvind Ramnani
$9 → $8.5DowngradeNeutral → UnderweightGet Alert
02/06/2024Buy Now143.9%JP Morgan
Doug Anmuth
$10 → $9MaintainsNeutralGet Alert
02/06/2024Buy Now89.7%Goldman Sachs
Eric Sheridan
$8 → $7MaintainsSellGet Alert
01/22/2024Buy Now116.8%Goldman Sachs
Eric Sheridan
$10 → $8MaintainsSellGet Alert
01/19/2024Buy Now116.8%Goldman Sachs
Eric Sheridan
$10 → $8DowngradeNeutral → SellGet Alert
11/20/2023Buy Now143.9%Morgan Stanley
Josh Baer
$10 → $9DowngradeEqual-Weight → UnderweightGet Alert
11/01/2023Buy Now171%Goldman Sachs
Eric Sheridan
$14 → $10MaintainsNeutralGet Alert
10/31/2023Buy Now171%JP Morgan
Doug Anmuth
$12 → $10MaintainsNeutralGet Alert
10/31/2023Buy Now171%Goldman Sachs
Eric Sheridan
$14 → $10MaintainsNeutralGet Alert
10/31/2023Buy Now171%BMO Capital
Jeffrey Silber
$12 → $10MaintainsMarket PerformGet Alert
10/31/2023Buy Now143.9%Piper Sandler
Arvind Ramnani
$13 → $9MaintainsNeutralGet Alert
10/23/2023Buy Now171%Morgan Stanley
Josh Baer
$13 → $10MaintainsEqual-WeightGet Alert
10/19/2023Buy Now225.2%JP Morgan
Doug Anmuth
$14 → $12MaintainsNeutralGet Alert
08/09/2023Buy Now225.2%BMO Capital
Jeffrey Silber
$10 → $12MaintainsMarket PerformGet Alert
08/08/2023Buy Now252.3%Morgan Stanley
Josh Baer
$12 → $13MaintainsEqual-WeightGet Alert
08/08/2023Buy Now279.4%JP Morgan
Doug Anmuth
$12 → $14MaintainsNeutralGet Alert
08/08/2023Buy Now252.3%Piper Sandler
Arvind Ramnani
$11 → $13MaintainsNeutralGet Alert
05/03/2023Buy Now225.2%BMO Capital
Jeffrey Silber
$20 → $12MaintainsMarket PerformGet Alert
05/03/2023Buy Now279.4%Goldman Sachs
Eric Sheridan
$18 → $14MaintainsNeutralGet Alert
05/03/2023Buy Now198.1%B of A Securities
David Amira
$20 → $11MaintainsNeutralGet Alert
05/02/2023Buy NowBarrington Research
Alexander Paris
DowngradeOutperform → Market PerformGet Alert
05/02/2023Buy Now306.5%Northland Capital Markets
Mike Grondahl
→ $15DowngradeOutperform → Market PerformGet Alert

FAQ

Q

What is the target price for Chegg (CHGG)?

A

The latest price target for Chegg (NYSE: CHGG) was reported by Craig-Hallum on April 30, 2024. The analyst firm set a price target for $7.00 expecting CHGG to rise to within 12 months (a possible 89.70% upside). 25 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Chegg (CHGG)?

A

The latest analyst rating for Chegg (NYSE: CHGG) was provided by Craig-Hallum, and Chegg downgraded their hold rating.

Q

When was the last upgrade for Chegg (CHGG)?

A

The last upgrade for Chegg Inc happened on April 20, 2023 when Craig-Hallum raised their price target to $25. Craig-Hallum previously had a hold for Chegg Inc.

Q

When was the last downgrade for Chegg (CHGG)?

A

The last downgrade for Chegg Inc happened on April 30, 2024 when Craig-Hallum changed their price target from $13 to $7 for Chegg Inc.

Q

When is the next analyst rating going to be posted or updated for Chegg (CHGG)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Chegg, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Chegg was filed on April 30, 2024 so you should expect the next rating to be made available sometime around April 30, 2025.

Q

Is the Analyst Rating Chegg (CHGG) correct?

A

While ratings are subjective and will change, the latest Chegg (CHGG) rating was a downgraded with a price target of $13.00 to $7.00. The current price Chegg (CHGG) is trading at is $3.69, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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