$6.73
-0.10[-1.46%]
At close: Apr 24
$6.73
0[0.00%]
After Hours: 5:55PM EDT
Chegg Stock (NYSE:CHGG), Analyst Ratings, Price Targets, Predictions
Chegg Inc has a consensus price target of $14.68, established from looking at the 74 latest analyst ratings. The last 3 analyst ratings were released from Morgan Stanley, JP Morgan, and BMO Capital on April 19, 2024, March 11, 2024, and February 6, 2024. With an average price target of $8.67 between Morgan Stanley, JP Morgan, and BMO Capital, there's an implied 28.78% upside for Chegg Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Morgan Stanley
JP Morgan
BMO Capital
Piper Sandler
JP Morgan
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Chegg
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/19/2024 | CHGG | Buy Now | Chegg | $6.73 | 4.01% | Morgan Stanley | Josh Baer | $8.5 → $7 | Maintains | Underweight | Get Alert |
| 03/11/2024 | CHGG | Buy Now | Chegg | $6.73 | 33.73% | JP Morgan | Bryan Smilek | → $9 | Assumes | → Neutral | Get Alert |
| 02/06/2024 | CHGG | Buy Now | Chegg | $6.73 | 48.59% | BMO Capital | Jeffrey Silber | $11 → $10 | Maintains | Market Perform | Get Alert |
| 02/06/2024 | CHGG | Buy Now | Chegg | $6.73 | 26.3% | Piper Sandler | Arvind Ramnani | $9 → $8.5 | Downgrade | Neutral → Underweight | Get Alert |
| 02/06/2024 | CHGG | Buy Now | Chegg | $6.73 | 33.73% | JP Morgan | Doug Anmuth | $10 → $9 | Maintains | Neutral | Get Alert |
| 02/06/2024 | CHGG | Buy Now | Chegg | $6.73 | 4.01% | Goldman Sachs | Eric Sheridan | $8 → $7 | Maintains | Sell | Get Alert |
| 01/22/2024 | CHGG | Buy Now | Chegg | $6.73 | 18.87% | Goldman Sachs | Eric Sheridan | $10 → $8 | Maintains | Sell | Get Alert |
| 01/19/2024 | CHGG | Buy Now | Chegg | $6.73 | 18.87% | Goldman Sachs | Eric Sheridan | $10 → $8 | Downgrade | Neutral → Sell | Get Alert |
| 11/20/2023 | CHGG | Buy Now | Chegg | $6.73 | 33.73% | Morgan Stanley | Josh Baer | $10 → $9 | Downgrade | Equal-Weight → Underweight | Get Alert |
| 11/01/2023 | CHGG | Buy Now | Chegg | $6.73 | 48.59% | Goldman Sachs | Eric Sheridan | $14 → $10 | Maintains | Neutral | Get Alert |
| 10/31/2023 | CHGG | Buy Now | Chegg | $6.73 | 48.59% | JP Morgan | Doug Anmuth | $12 → $10 | Maintains | Neutral | Get Alert |
| 10/31/2023 | CHGG | Buy Now | Chegg | $6.73 | 48.59% | Goldman Sachs | Eric Sheridan | $14 → $10 | Maintains | Neutral | Get Alert |
| 10/31/2023 | CHGG | Buy Now | Chegg | $6.73 | 48.59% | BMO Capital | Jeffrey Silber | $12 → $10 | Maintains | Market Perform | Get Alert |
| 10/31/2023 | CHGG | Buy Now | Chegg | $6.73 | 33.73% | Piper Sandler | Arvind Ramnani | $13 → $9 | Maintains | Neutral | Get Alert |
| 10/23/2023 | CHGG | Buy Now | Chegg | $6.73 | 48.59% | Morgan Stanley | Josh Baer | $13 → $10 | Maintains | Equal-Weight | Get Alert |
| 10/19/2023 | CHGG | Buy Now | Chegg | $6.73 | 78.31% | JP Morgan | Doug Anmuth | $14 → $12 | Maintains | Neutral | Get Alert |
| 08/09/2023 | CHGG | Buy Now | Chegg | $6.73 | 78.31% | BMO Capital | Jeffrey Silber | $10 → $12 | Maintains | Market Perform | Get Alert |
| 08/08/2023 | CHGG | Buy Now | Chegg | $6.73 | 93.16% | Morgan Stanley | Josh Baer | $12 → $13 | Maintains | Equal-Weight | Get Alert |
| 08/08/2023 | CHGG | Buy Now | Chegg | $6.73 | 108.02% | JP Morgan | Doug Anmuth | $12 → $14 | Maintains | Neutral | Get Alert |
FAQ
What is the target price for Chegg (CHGG)?
The latest price target for Chegg (NYSE: CHGG) was reported by Morgan Stanley on April 19, 2024. The analyst firm set a price target for $7.00 expecting CHGG to rise to within 12 months (a possible 4.01% upside). 29 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Chegg (CHGG)?
The latest analyst rating for Chegg (NYSE: CHGG) was provided by Morgan Stanley, and Chegg maintained their underweight rating.
When was the last upgrade for Chegg (CHGG)?
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.
When was the last downgrade for Chegg (CHGG)?
The last downgrade for Chegg Inc happened on February 6, 2024 when Piper Sandler changed their price target from $9 to $8.5 for Chegg Inc.
When is the next analyst rating going to be posted or updated for Chegg (CHGG)?
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 19, 2024 so you should expect the next rating to be made available sometime around April 19, 2025.
Is the Analyst Rating Chegg (CHGG) correct?
While ratings are subjective and will change, the latest Chegg (CHGG) rating was a maintained with a price target of $8.50 to $7.00. The current price Chegg (CHGG) is trading at is $6.73, which is out of the analyst’s predicted range.
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