As the coronavirus pandemic shut down schools across the country, high school and college students rushed to Chegg to both continue and enhance their at-home virtual learning experiences. Consequently, over the next several years, Chegg is going to grow by leaps and bounds. Chegg’s earnings were so good that they illuminated a bull scenario wherein the stock jumps to $200 in the 2020s. With a 5-year investment, the revenue is expected to be around +165.25%. 5 year Chegg Forecast: 420.590 * About the Chegg, Inc. stock forecast As of 2020 November 28, Saturday current price of CHGG stock is 72.570$ and our data indicates that the asset price has been stagnating for the past 1 year (or since its inception). The Financhill.com educational training program and software services are provided to improve financial understanding. quotes delayed at least 15 minutes, all others at least 20 minutes. The shift from physical, classroom-based learning, to digital, connected learning platforms was already happening before Covid-19. Investors can use this forecasting interface to forecast Chegg historical stock prices and determine the direction of Chegg Inc's future trends … Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. See Chegg, Inc. (CHGG) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. Based on a 20-times forward earnings multiple — which is the medium-term average for technology stocks — that equates to a 2029 price target for CHGG stock of $200. QADA He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Despite these strong gains, it looks like Chegg stock is just getting warmed up. Copyright © 2020 InvestorPlace Media, LLC. All rights reserved. As all that happens, CHGG stock could power its way to $200. Actual results may differ. Past performance is not a guarantee of future results, and a loss of original capital may occur. Over the next 52 weeks, Chegg Inc has on average historically risen by 51.3% based on the past 6 years of stock performance. MSTR Today’s growth spike is more than just a near-term phenomena. As always, use your best judgment when investing. Trading stocks, options and other securities involves risk. Adjusted operating margin hits 40% by 2030. The company’s share price is up 95% year-over-year, 108% year-to-date, and 247% since its March lows. Luke Lango is a Markets Analyst for InvestorPlace. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Virtualization, international expansion, and value prop extension tailwinds are all coming together at the same time. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. For the longest time, Chegg has been a U.S.-focused growth narrative. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. Thanks to Covid-19, students and academic institutions across the world are pivoting towards online learning platforms. There are 54 million high school and college students in the company’s addressable markets. Your current $100 investment may be up to $265.25 in 2025. X Chegg … Copyright © Financhill is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. This acceleration has continued in April, and management believes that Q2 sub growth will be greater than 45%. Digital education company Chegg topped Q3 forecasts late Monday and gave strong guidance for the rest of this and next year.But Chegg stock fell late. … Analyst Ratings Morningstar? But 20%-plus subscriber growth will last for the next five-plus years, for three big reasons. Five Year Growth Forecast for company Analyst Ratings Number of Analyst who would Buy Outperform Hold Underperform Sell Average Rating over your company COMPANY AT&T Price Chart --3 Years (Comparison of your company to the Standard and Poor's 500(S&P 500) Price Chart-- 3 Years … Chegg's stock was trading at $36.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Chegg has been growing its subscriber base at a 30%-plus clip for the past six years. APPN 7 Outdated Tech Stocks to Sell Before It’s Too Late, Louis Navellier and the InvestorPlace Research Staff, Don’t Chase CIIG Merger in the EV Stock Buying Frenzy, Matt McCall and the InvestorPlace Research Staff, What Did the Stock Market Do? As of this writing, he was long CHGG. ; Chegg Inc has risen higher in 5 of those 6 years over the subsequent 52 week period, corresponding to a historical probability of 83 % ; Is Chegg Inc Stock Undervalued? Thanks to Thinkful (whose courses cost several thousand dollars), average revenue per subscriber rises at a steady low-single-digit pace into 2030. The content on any of Financhill websites, products or communication is for educational purposes only. Over the next 52 weeks, Chegg Inc has on average historically risen by 42.4 % based on the past 6 years of stock performance. Readers of mine know that I’ve been pounding the table about Chegg stock for several years. That would mark the best overall revenue growth rate since 2010 for Chegg. A Caltech graduate, Luke has consistently been recognized as one of the best stock pickers in the world by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Further, owners, employees, agents or representatives of Financhill are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory. The risk involved with trading stocks, options and other securities is not suitable for all investors. Broadly, then, Chegg is turning into a virtualized student resource center on a global scale. Big sub growth, mild unit revenue growth, and tepid declines in the required materials business lead to revenues rising at a 20%-plus compounded annual growth rate into 2030. Further, we expressly disclaim any responsibility to update such research. A Caltech graduate, Luke, has consistently been recognized as one of the best stock pickers in the world by various other analysts and. Since then, CHGG stock has increased by 97.5% and is … From both mid-2018 and its March 2020 lows, CHGG stock has more than doubled. These tailwinds will stick around for the next several years, too. has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. 1125 N. Charles St, Baltimore, MD 21201. Nov. 25, 2020, 7 Growth Stocks to Buy as We Head Into 2021, 6 Big-Cap Energy Stocks to Avoid Heading Into 2021, 7 Electric Vehicle Stocks That Could Be Your Joyride into 2021. That is, over the past few years, Chegg has created a strong but niche on-demand connected learning platform which some, but not many, high school and college students use. Article printed from InvestorPlace Media, https://investorplace.com/2020/05/chegg-chgg-stock-pops-earnings-could-soar-to-200/. However, solely looking at the historical price movement is usually misleading. As a solicitation and/or recommendation to buy or sell a security and chegg stock 5 year forecast be up to 200... A 30 % to all time highs near $ 60 selling yet of 45 % in the academic world and! 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