The latest earnings report underscored that the Chegg growth narrative is gaining tremendous momentum. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. MSTR Then it became a textbook rental business, a homework solutions provider, and an online tutoring hub. Since then, CHGG stock has increased by 97.5% and is … Then it became a textbook rental business and a homework solutions provider. All the pandemic has done is accelerate this shift … to 45%-plus subscriber growth. The Dried Infant Formula factory maintains target safety stock of raw materials inventory and tin can inventory amounting to the equivalent of one (1) week of the current year… Copyright © 2020 InvestorPlace Media, LLC. For perspective, Chegg hasn’t reported 45%-plus sub growth since 2016, when the platform was about a third the size of what it is today. Analysts estimate it will grow earnings at a 25% annual clip for the next five years, but it trades at nearly 58 times next year's estimates. VNET From both mid-2018 and its March 2020 lows, CHGG stock has more than doubled. Trading stocks, options and other securities involves risk. 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. Broadly, then, Chegg is turning into a virtualized student resource center on a global scale. Analyst Ratings Morningstar? The risk involved with trading stocks, options and other securities is not suitable for all investors. AZRE, Used by many of the world's smartest investors, Seasonal Stock Forecasts, Stock Valuations, Predictive Stock Analytics and see the #1 stock for the next 7 days, Scan for stocks set to soar and crash based on powerful seasonal trends plus view the stock with the most powerful seasonal trend this week, For Dividend Stocks, Blue Chip Stocks, Most Active Stocks, Most Shorted Stocks, Cheap Stocks, Stocks on Sale, and much more, Get new stock ideas every day delivered to your inbox based on income, stock ratings, seasonal trends, best value, and more, Gain full access to our most highly screened value stocks that even Buffett may approve, Secure Your Limited Time Only Trial Access, Characteristics and Risks of Standardized Options. For the longest time, Chegg has been a U.S.-focused growth narrative. Nasdaq Over the next 52 weeks, Chegg Inc has on average historically risen by 51.3% based on the past 6 years of stock performance. 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? It increasingly appears that Chegg is taking over the education world. Today’s growth spike is more than just a near-term phenomena. APPN Your current $100 investment may be up to $265.25 in 2025. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. As of this writing, he was long CHGG. All rights reserved. Investors can use this forecasting interface to forecast Chegg historical stock prices and determine the direction of Chegg Inc's future trends based on various well-known forecasting models. Five Year Growth Forecast for company Analyst Ratings Number of Analyst who would Buy Outperform Hold Underperform Sell Average Rating over your company COMPANY AT&T Price Chart --3 Years (Comparison of your company to the Standard and Poor's 500(S&P 500) Price Chart-- 3 Years … A Caltech graduate, Luke has consistently been recognized as one of the best stock pickers in the world by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Trending Stocks: quotes delayed at least 15 minutes, all others at least 20 minutes. Luke Lango is a Markets Analyst for InvestorPlace. 1125 N. Charles St, Baltimore, MD 21201. . 5 year Chegg Forecast: 420.590 * About the Chegg, Inc. stock forecast As of 2020 November 28, Saturday current price of CHGG stock is 72.570$ and our data indicates that the asset price has been stagnating for the past 1 year (or since its inception). This used to be just a textbook rental business. There are 54 million high school and college students in the company’s addressable markets. All rights reserved. has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. 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. Past performance is not a guarantee of future results, and a loss of original capital may occur. Chegg Stock Forecast is based on your current time horizon. CHGG stock has been, still is, and projects to remain a long-term winner. This product is for educational purposes only. Now, Chegg is all of that, and offers test prep, writing help, a math solver, flashcards, expert Q&A, video tutorials, an internship finder, and a skill-based bootcamp with Thinkful, too. Over the next five years, Chegg will sustain robust user, revenue and profit growth on its way to becoming the digital standard across the global education market. GCO In other words, thanks to the coronavirus pandemic accelerating the need for virtual, on-demand learning services, the Chegg growth narrative is as hot today as it’s ever been. Chegg’s earnings were so good that they illuminated a bull scenario wherein the stock jumps to $200 in the 2020s. Earnings per share soar from roughly $1 expected in 2020, to $10 by 2030. The current inflation rate of 2.0% is expected to hold over the 5 year budget period. Chegg Inc Stock Forecast. Concurrent to robust sub growth, revenue growth hit a torrid pace, too. Second, Chegg is going global. Based on our forecasts, a long-term increase is expected, the "CHGG" stock price prognosis for 2025-11-12 is 188.378 USD. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. 2020 InvestorPlace Media, LLC. Copyright © Thanks to Thinkful (whose courses cost several thousand dollars), average revenue per subscriber rises at a steady low-single-digit pace into 2030. Consequently, over the next several years, Chegg is going to grow by leaps and bounds. Over the next five years, Chegg will sustain robust user, revenue and profit growth on its way to becoming the digital standard across the global education market. Consequently, even once physical school resumes, many of those students and institutions will continue to use online learning tools as necessary supplements. First, the virtualization tailwind is finally gaining significant momentum in the academic world. 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. Chegg Stock Forecast is based on your current time horizon. In response to the blowout earnings report, CHGG stock popped more than 30% to all time highs near $60. As they do, this company’s connected learning platform will go from niche, to mainstream. Meanwhile, overall revenues are expected to rise north of 45% in the second quarter, too. The educational training program and software services are provided to improve financial understanding. See: Characteristics and Risks of Standardized Options. Q1 Services revenues rose 33% year-over-year (versus 31% growth in 2019), and Q2 Services revenues are expected to rise more than 45% — the best Services revenue growth rate since 2014. Thanks to Covid-19, students and academic institutions across the world are pivoting towards online learning platforms. Actual results may differ. The shift from physical, classroom-based learning, to digital, connected learning platforms was already happening before Covid-19. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors.

chegg stock 5 year forecast

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