Chewy Likely To Post Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Chewy, Inc. CHWY is expected to report financial results for fiscal second quarter 2023, after the closing bell on Aug. 30, 2023.

Analysts expect the company to post a quarterly loss at 5 cents per share, compared to year-ago earnings of 5 cents per share. The company’s revenue might come in at $2.76 billion, compared to $2.43 billion in the year-ago period.

Chewy shares gained 4.5% to close at $27.28 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Raymond James analyst Rick Patel maintained an Outperform rating and cut the price target from $36 to $33 on Aug. 28, 2023. This analyst has an accuracy rate of 85%.
• Wedbush analyst Seth Basham maintained an Outperform rating and lowered the price target from $45 to $31 on Aug. 25, 2023. This analyst has an accuracy rate of 81%.
• Goldman Sachs analyst Eric Sheridan maintained a Buy rating and raised the price target from $42 to $50 on July 18, 2023. This analyst has an accuracy rate of 77%.
• JMP Securities analyst Nicholas Jones initiated coverage on the stock with a Market Outperform and a price target of $50 on April 11, 2023. This analyst has an accuracy rate of 73%.
• Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating and cut the price target from $55 to $53 on March 23, 2023. This analyst has an accuracy rate of 77%.

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