- Needham analyst Anna Andreeva upgraded Chewy Inc CHWY to Buy from Hold with a price target of $55, implying a 44% upside.
- The analyst said the company had exceeded expectations in Q1 FY22 after missing consensus EBITDA for four quarters.
- Andreeva thinks the positive momentum continued in Q2 as the pet category was inelastic, with price increases sticking, along with improving supply chain operations and company-specific initiatives driving profitability.
- The analyst noted that the headwinds from last year across the supply chain and wage/labor pressures are starting to dissipate, with sell-side estimates poised for upside.
- Price Action: CHWY shares are trading lower by 0.08% at $38.13 on the last check Monday.
- Photo Via Company
Loading...
Loading...
CHWYChewy Inc
$41.150.41%
Edge Rankings
Momentum
90.53
Growth
89.29
Quality
Not Available
Value
8.47
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|