Instead, the connected-learning megatrend that has materialized in 2020 will persist over the next few years, regardless of what the pandemic looks like, because the future of education is a hybrid of in-class and online (much like the future of shopping is a hybrid of in-store and online). The latest stock analyst recommendation is DON'T BUY. This is a great time to buy Chegg (CHGG Quick Quote CHGG - Free Report) cheap because this online-only company operates in a high-growth, in-demand market that … Chegg (NASDAQ:CHGG) stock dropped in late October after the digital education giant reported third-quarter earnings that smashed expectations, but also included a down guide for fiscal 2021. These 7 were selected because of their superior potential for immediate breakout. ZacksTrade and are separate companies. All rights reserved. NASDAQ data is at least 15 minutes delayed. Both of those numbers are record highs, meaning Chegg is both getting bigger than ever and growing faster than ever, as students lean more heavily into e-learning platforms amid physical school closures in 2020. The implication, of course, is that management is projecting a material slowdown in e-learning demand in 2021 as the Covid-19 pandemic passes and students return to school. So, Chegg is doing a great job of turning record student demand into recording paying demand and record revenues. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Now for a limited time… you can get in for just $19. So buy this earnings dip in Chegg stock. Its relative strength line is trending higher at 96. Investors freaked out. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. CHGG stock dropped. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Or, imagine a world where college students go to lecture, learn from a professor, and then go back to their dorms, and log on to to taker a deeper dive into what they just learned at lecture. On the basis of forward 12 months’ P/E, the shares are currently trading at a multiple of 56.87X, which is below the median value of 91.37X over the past year. To learn more, click here. Buy the Earnings Dip in Chegg Stock for 150% Upside, 7 Outdated Tech Stocks to Sell Before It’s Too Late, Louis Navellier and the InvestorPlace Research Staff, Don’t Chase CIIG Merger in the EV Stock Buying Frenzy, Matt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? 1 analyst recommended to SELL the stock. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. But that’s an overly pessimistic outlook that, quite frankly, won’t come true. It goes up. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 2020 InvestorPlace Media, LLC. And, to that end, Chegg is turning into the Amazon (NASDAQ:AMZN) of education at a time when the education sector is rapidly being digitized. There are currently 2 sell ratings, 3 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." Near-term weakness on the back of ultra-conservative 2021 guidance is transient. Buy Growth Tech Stock Chegg for a Digital Learning Future? Specifically, management is calling for revenues to rise just 24% next year — a sharp slowdown from the 50%-plus growth rates Chegg is reporting today — with the implication being that as physical schools reopen in 2021, demand for Chegg’s connected learning platform will fall. Unless you consider that earnings were down a penny from the year-ago quarter. What’s more, Chegg Services subscribers jumped 69% year over year to 3.7 million while Services revenues grew 72% for a 77% revenue share. Specifically, Chegg smashed third-quarter subscriber, revenue and profit numbers, and delivered a strong fourth-quarter guide. Because management implied that the company may stop killing it in 2021. Chegg Services subscribers rose 69% year-over-year to 3.7 million subs. Buy the Earnings Dip in Chegg Stock for 150% Upside Nov. 2, 2020 at 5:22 p.m. Profit margins continued to expand with scale and higher average unit revenues. Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Visit performance for information about the performance numbers displayed above. Copyright © There are currently many stocks worth picking in the Internet – Software industry of which CHGG is a part. Privacy Policy | No cost, no obligation to buy anything ever. The New Daily 10X Stock Report: 98.7% Accuracy – Gains Up to 466.78%. Chegg stock is still near an 89.82 buy point from a cup base. Chegg should be viewed as one of the better “stay-at-home” stocks to consider buying at this time, particularly since it took a significant dip during the recent market correction. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. It’s ephemeral pain in a long-term winner. So, despite the hit to advertising (which should also eventually recover, following the rest of the digital advertising market), the pandemic staying longer than initially expected is actually positive for both the company and the stock. ET on Chegg, Inc. 2020 Q3 - Results - Earnings Call Presentation In the last year, 2 stock analysts published opinions about CHGG-N. 1 analyst recommended to BUY the stock. 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. Despite the selloff in CHGG stock, Chegg’s third-quarter numbers were actually really good. These returns cover a period from January 1, 1988 through October 5, 2020. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Chegg stock has a realistic path to $200 prices in the 2020s, implying ~150% upside from current levels. This is a great time to buy Chegg (CHGG Quick Quote CHGG - Free Report) cheap because this online-only company operates in a high-growth, in-demand market that has benefited … So let CHGG stock fall, and then scoop it up on the dip. This is a great time to buy Chegg (CHGG Quick QuoteCHGG - Free Report) cheap because this online-only company operates in a high-growth, in-demand market that has benefited hugely from the pandemic. Read the latest stock experts' ratings for Chegg. The latest stock analyst recommendation is DON'T BUY. quotes delayed at least 15 minutes, all others at least 20 minutes. The company started out as an online seller of digital text books and later branched out to more personalized learning through courses and services. Simply imagine a world where high school students can go to school during the day, learn from teachers in class, and then go home, and have consistent, 24/7, on-demand access to a platform like Chegg that gives them the extra help they need on their homework or for test prep. InvestorPlace’s brand-new and highly controversial newsletter… is rocking the industry… delivering one breakthrough stock recommendation each and every trading day… delivered straight to your inbox.

how to buy chegg stock

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