- Chegg (CHGG, Financial) faces delisting from NYSE but plans recovery strategies, including a potential reverse stock split.
- Analysts forecast a potential upside of 129.94% with a one-year average target price of $1.18.
- GuruFocus estimates Chegg's one-year GF Value at $7.30, indicating a significant potential increase of 1328.57%.
Chegg's Listing Challenge and Strategic Response
Chegg (CHGG) has encountered a significant hurdle as the NYSE has notified the company that it is not meeting listing standards. The reason behind this is the stock's price, which has averaged below $1.00 over the last 30 consecutive trading days. To address this issue, Chegg is considering options such as a reverse stock split to boost its stock price while it continues trading under a six-month grace period.
Wall Street Analysts' Price Projections
Wall Street analysts have provided their insights through one-year price targets for Chegg Inc (CHGG, Financial). With contributions from four analysts, the average target price stands at $1.18, crowned with a high estimate of $1.50 and a low of $1.00. This price projection implies a substantial upside potential of 129.94% from its current standing at $0.51. For further details, investors can delve into the Chegg Inc (CHGG) Forecast page.
Brokerage Firms' Consensus Ratings
Evaluating Chegg Inc's (CHGG, Financial) market position, eight brokerage firms have rendered it an average recommendation of 3.5, placing it in the "Hold" category. The recommendation system operates on a scale of 1 to 5, where 1 equals a Strong Buy and 5 translates to Sell, reflecting a cautiously optimistic stance on the stock.
GuruFocus' GF Value Estimate
According to GuruFocus estimates, the GF Value for Chegg Inc (CHGG, Financial) in a year's time is projected to reach $7.30. This assessment highlights a remarkable potential appreciation of 1328.57% from the current price of $0.511. The GF Value draws from historical trading multiples, the company's past growth trends, and projected future performance. Additional comprehensive data is accessible on the Chegg Inc (CHGG) Summary page.
Investors monitoring Chegg's journey will find these insights invaluable, revealing both challenges and potential rewards as the company strives to overcome its current obstacles.
