According to 5 Wall Street analyst s that have issued a 1 year CHGG price target, the average CHGG price target is $27.60, 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 $27.60 by May 3, 2023.
The 10 analysts offering 12-month price forecasts for Chegg Inc have a median target of 21.50, with a high estimate of 30.00 and a low estimate of 13.00. The median estimate represents a +8.97% increase from the last price of 19.73.
What are Chegg’s stock price targets for the next 12 months?
17 brokerages have issued 12-month price targets for Chegg’s shares. Their forecasts range from $55.00 to $125.00. On average, they anticipate Chegg’s share price to reach $104.71 in the next twelve months. This suggests a possible upside of 36.1% from the stock’s current price.
What is the stock symbol for Chegg?
Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol “CHGG.”. Chegg announced that its Board of Directors has authorized a stock buyback plan on Thursday, March 29th 2018, which permits the company to repurchase $20,000,000.00 in shares, according to EventVestor.
Is Chegg Inc stock oversold or undersold?
RSImin/max Values: [ 25 – 75 ] The Chegg Inc stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
How much is a share of Chegg worth?
One share of CHGG stock can currently be purchased for approximately $34.32. How much money does Chegg make? Chegg has a market capitalization of $4.63 billion and generates $776.27 million in revenue each year. The technology company earns $-1.46 million in net income (profit) each year or ($0.09) on an earnings per share basis.
Is Chegg a good stock to buy now?
The stock market rewarded Chegg with a dramatic rise in the value of its shares. On the news that fourth-quarter 2021 earnings were better than forecast, Chegg rose from a 52-week low of $23.50 in late January to $33 in early February.
Is Chegg a buy or sell?
Chegg has received a consensus rating of Hold. The company’s average rating score is 2.15, and is based on 2 buy ratings, 11 hold ratings, and no sell ratings.
Will Chegg go up?
Chegg expects revenue to rise 1% to 3% year over year in the first quarter of 2022, and 7% to 9% for the full year.
Is Chegg stock overvalued?
In short, the stock of Chegg (NYSE:CHGG, 30-year Financials) is believed to be modestly overvalued. The company’s financial condition is poor and its profitability is poor. Its growth ranks better than 99% of the companies in Education industry.
What is the future of Chegg?
Chegg Services ended 2020 with 6.6 million annual subscribers, compared to 3.9 million subscribers in 2019 and 3.1 million subscribers in 2018….Benefiting from pandemic-related tailwinds.Revenue Growth (YOY)FY 2019FY 2020Chegg Services31%57%Required Materials17%56%Total28%57%Nov 4, 2021
What is wrong with Chegg stock?
What happened. Shares of Chegg (CHGG 1.15%) plunged 49% on Tuesday after the online learning platform warned investors that a tight labor market and COVID-19-related challenges were denting demand for education services.
Why is Chegg stock dropping?
Shares of the educational platform crashed more than 35% in pre-market trading on a slashed full year profit outlook in earnings reported after the bell Monday. The company sees full year adjusted operating profits of $220 million to $235 million compared to $260 million to $270 million previously.
Why is Chegg price dropping?
Shares of Chegg (CHGG -3.21%) plunged on Tuesday after the online education company said inflation was taking a heavy toll on student enrollment. As of 12:20 p.m. ET, Chegg’s stock price was down more than 30%.
Why has Chegg stock price dropped?
Chegg stock plunged as much as 37% on Tuesday as investors weighed the education company’s first-quarter earnings beat against its lower 2022 revenue guidance, in part driven by a drop in college students.
How do I invest in Chegg?
How to buy shares in CheggCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. Fund your account.Research the stock. … Purchase now or later. … Check in on your investment.
Which of the following characteristic is consistent with value stock?
Common characteristics of value stocks include high dividend yield, low price-to-book ratio (P/B ratio), and a low price-to-earnings ratio (P/E ratio).
Should I buy or sell Chegg stock right now?
13 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Chegg in the last year. There are currently 11 hold ratings and 2 buy rat…
What is Chegg’s stock price forecast for 2022?
13 brokers have issued 12 month price targets for Chegg’s shares. Their forecasts range from $18.00 to $120.00. On average, they expect Chegg’s sto…
How has Chegg’s stock price performed in 2022?
Chegg’s stock was trading at $30.70 on January 1st, 2022. Since then, CHGG stock has decreased by 35.7% and is now trading at $19.74. View the bes…
Are investors shorting Chegg?
Chegg saw a decrease in short interest in April. As of April 30th, there was short interest totaling 5,640,000 shares, a decrease of 15.8% from the…
When is Chegg’s next earnings date?
Chegg is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022. View our earnings forecast for Chegg .
How were Chegg’s earnings last quarter?
Chegg, Inc. (NYSE:CHGG) issued its quarterly earnings data on Monday, May, 2nd. The technology company reported $0.10 earnings per share (EPS) for…
What guidance has Chegg issued on next quarter’s earnings?
Chegg updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of for the period. The company issue…
Who are Chegg’s key executives?
Chegg’s management team includes the following people: Mr. Daniel Lee Rosensweig , Co-Chairman, CEO & Pres (Age 60, Pay $1.01M) Mr. Andrew J. Br…
What is Dan Rosensweig’s approval rating as Chegg’s CEO?
382 employees have rated Chegg CEO Dan Rosensweig on Glassdoor.com . Dan Rosensweig has an approval rating of 91% among Chegg’s employees. This pu…
Is CHEGG Stock a good buy in 2022, according to Wall Street analysts?
The consensus among 9 Wall Street analysts covering ( NYSE : CHGG ) stock is to Hold CHGG stock. Out of 9 analysts , 0 ( 0% ) are recomme…
What is CHGG’s earnings growth forecast for 2022-2024?
( NYSE : CHGG ) CHEGG ‘s forecast annual earnings growth rate of 13.16% is forecast to beat the US Education & Training Services industry’s…
What is CHGG’s revenue growth forecast for 2022-2024?
( NYSE : CHGG ) CHEGG ‘s forecast annual revenue growth rate of 7.6% is forecast to beat the US Education & Training Services industry’s ave…
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 5.43%.
What is CHGG’s Price Target?
According to 5 Wall Street analyst s that have issued a 1 year CHGG price target, the average CHGG price target is $27.60 , with the highes…
What is CHGG’s Earnings Per Share (EPS) forecast for 2022-2024?
(NYSE: CHGG) CHEGG’s current Earnings Per Share (EPS) is $0.49. On average, analysts forecast that CHGG’s EPS will be $0.23 for 2022, with the lowe…
What is CHGG’s forecast return on equity (ROE) for 2022-2025?
(NYSE: CHGG) forecast ROE is N/A, which is considered weak.
CHGG earnings per share forecast
What is CHGG ‘s earnings per share in the next 3 years based on estimates from 9 analyst s?
CHGG revenue forecast
What is CHGG ‘s revenue in the next 3 years based on estimates from 9 analyst s?
CHGG revenue growth forecast
How is CHGG forecast to perform vs Consumer Defensive companies and vs the US market?
Historical and forecast chart of Chegg stock
The chart below shows the historical price of Chegg stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Chegg stock price can be found in the table below.
Chegg Daily Price Targets
Forecast target price for 02-27-2022: $ 30.84. Positive dynamics for Chegg shares will prevail with possible volatility of 2.352%.
Chegg forecast for this year
An downtrend is forecast for this month with an optimal target price of $ 30.3481. Pessimistic: $28.53. Optimistic: $31.99
Chegg information and performance
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
CHGG : Chegg stock forecast by Wall Street Analysts
The average Chegg stock forecast from last 6 month is $62.0, and this show a -31.75% decrease in average from the prior price target of the each prediction. Also, this average forecast of $62.0 represents a -41.88% decrease from the past average forecast of $106.67, 6 months ago from 3 wall street analysts.
Frequently Asked Questions about Chegg stock forecast
From Chegg stock forecast , Chegg (CHGG) stock cannot be a good investment choice. According to AI Pickup, the Chegg stock price forecast for 2022 Mar. is $27.9318245611009
Chegg Inc Stock Forecast
Over the next 52 weeks, Chegg Inc has on average historically risen by 65.2 % based on the past 7 years of stock performance.
Will Chegg Inc Stock Go Up Next Year?
Over the next 52 weeks, Chegg Inc has on average historically risen by 65.2% based on the past 7 years of stock performance.
Chegg Inc Stock Price History
Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and CHGG is experiencing selling pressure, which indicates risk of future bearish movement.
Is Chegg Inc stock public?
Yes, Chegg Inc is a publicly traded company.
Stock Price Forecast
The 12 analysts offering 12-month price forecasts for Chegg Inc have a median target of 40.00, with a high estimate of 55.00 and a low estimate of 33.00. The median estimate represents a +42.65% increase from the last price of 28.04.
The current consensus among 15 polled investment analysts is to Hold stock in Chegg Inc. This rating has held steady since February, when it was unchanged from a Hold rating. Move your mouse over past
months for detail
How much is Chegg stock worth in 2021?
The Chegg Inc stock price gained 1.13% on the last trading day (Friday, 9th Jul 2021), rising from $84.29 to $85.24. During the day the stock fluctuated 2.57% from a day low at $83.98 to a day high of $86.14. The price has risen in 7 of the last 10 days and is up by 3.07% over the past 2 weeks. Volume fell on the last day by -226 thousand shares and in total, 684 thousand shares were bought and sold for approximately $58.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
When is the sell signal for 2021?
A sell signal was issued from a pivot top point on Friday, July 23, 2021, and so far it has fallen -0.70%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).