NYSE:CHGG

Chegg - CHGG Price Target & Analyst Ratings

$22.49

+1.04 (+4.85%)

(As of 09/8/2022 10:56 AM ET)

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Today's Range: $21.75
▼
$22.53
50-Day Range: $17.57
▼
$23.59
52-Week Range: $15.66
▼
$81.67

Volume: 20,314 shs
Average Volume: 1.43 million shs
Market Capitalization: $2.84 billion

P/E Ratio: 74.97
Dividend Yield: N/A
Price Target: $36.58

Chegg Consensus Rating and Price Target (2022)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Hold
Based on 14 Analyst Ratings

Consensus Analyst Price Target

$36.83
63.78% Upside

High Prediction	$120.00
Average Prediction	$36.83
Low Prediction	$18.00

Type	Current 9/8/21 to 9/8/22	1 Month Ago 8/9/21 to 8/9/22	3 Months Ago 6/10/21 to 6/10/22	1 Year Ago 9/8/20 to 9/8/21
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	12 Buy rating(s)
Hold	12 Hold rating(s)	13 Hold rating(s)	11 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$36.83	$36.58	$40.20	$103.24
Predicted Upside	63.78% Upside	9.28% Upside	6.66% Upside	14.33% Upside

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CHGG Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CHGG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Chegg Stock vs. The Competition

Type	Chegg	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.07	2.59	2.49
Consensus Rating	Hold	Buy	Hold
Predicted Upside	70.55% Upside	218.87% Upside	21.73% Upside
News Sentiment Rating	Neutral News	Neutral News	Neutral News
MarketBeat Community Rating	Outperform Votes 783 71.05% Underperform Votes 319 28.95%	Avg. Outperform Votes 223 66.97% Avg. Underperform Votes 110 33.03%	Avg. Outperform Votes 851 68.46% Avg. Underperform Votes 392 31.54%

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/8/2022	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$27.00 ➝ $30.00	+39.86%
7/18/2022	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Arvind Ramnani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral	$21.00 ➝ $20.00	+2.99%
7/15/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$20.00	+8.93%
6/29/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$22.00 ➝ $18.00	-1.91%
5/3/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
5/3/2022	Barrington Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$40.00 ➝ $25.00	+46.80%
5/3/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$38.00 ➝ $22.00	+33.74%
5/3/2022	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$35.00 ➝ $18.00	-27.94%
5/3/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$37.00 ➝ $20.00	-19.94%
5/3/2022	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Sheldon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
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4/12/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jason Celino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
12/13/2021	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$60.00 ➝ $55.00	+99.49%
11/30/2021	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ryan MacDonald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold
11/2/2021	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$117.00 ➝ $50.00	-20.33%
11/2/2021	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
5/4/2021	Lake Street Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$98.00 ➝ $93.00	+12.36%
3/30/2021	FBN Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$105.00	+29.04%
11/6/2020	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$55.00	-28.87%
3/1/2020	First Analysis Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Outperform ➝ Strong-Buy	$48.00	+22.42%

(Data available from 9/8/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)

CHGG Price Target - Frequently Asked Questions

What is Chegg's consensus rating and price target?: According to the issued ratings of 14 analysts in the last year, the consensus rating for Chegg stock is Hold based on the current 12 hold ratings and 2 buy ratings for CHGG. The average twelve-month price prediction for Chegg is $36.83 with a high price target of $120.00 and a low price target of $18.00. Learn more on CHGG's analyst rating history.
Do Wall Street analysts like Chegg more than its competitors?: Analysts like Chegg less than other Computer and Technology companies. The consensus rating for Chegg is Hold while the average consensus rating for computer and technology companies is Buy. Learn more on how CHGG compares to other companies.
Do MarketBeat users like Chegg more than its competitors?: MarketBeat users like Chegg more than other Computer and Technology companies. 71.08% of MarketBeat users gave Chegg an outperform vote while computer and technology companies recieve an average of 66.87% outperform votes by MarketBeat users.

Is Chegg being upgraded by Wall Street analysts?: Over the previous 90 days, Chegg's stock had 1 upgrade by analysts.
Does Chegg's stock price have much upside?: According to analysts, Chegg's stock has a predicted upside of 26.61% based on their 12-month price targets.
What analysts cover Chegg?: Chegg has been rated by JPMorgan Chase & Co., Northland Securities, Piper Sandler, and The Goldman Sachs Group in the past 90 days.

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This page (NYSE:CHGG) was last updated on 9/8/2022 by MarketBeat.com Staff

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