Goldman Sachs Maintains Neutral on Chewy, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan maintains a Neutral rating on Chewy (NYSE:CHWY) and raises the price target from $41 to $42.
June 02, 2023 | 9:23 am
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NEUTRAL IMPACT
Goldman Sachs maintains a Neutral rating on Chewy (NYSE:CHWY) and raises the price target from $41 to $42.
Goldman Sachs' decision to maintain a Neutral rating on Chewy and raise the price target slightly from $41 to $42 indicates that the analyst sees potential for modest growth in the stock price. However, the Neutral rating suggests that the analyst does not expect significant outperformance or underperformance in the short term. This news is relevant and important for investors in Chewy, but the impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100