Analyst Ratings for Chewy
Portfolio Pulse from Benzinga Insights
Chewy (NYSE:CHWY) has received various analyst ratings in the last quarter, with 3 bullish, 8 somewhat bullish, 4 indifferent, and 1 somewhat bearish rating. The average price target is $26.06, which is higher than the current price of $21.26, suggesting an upside. However, this target has decreased by 18.36% from the previous target of $31.92. Analysts' ratings are based on financial statements, company calls, meetings, and insider information.
December 15, 2023 | 6:00 pm
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POSITIVE IMPACT
Chewy has a consensus average price target of $26.06 from analysts, indicating a potential upside from the current price of $21.26. The target has been lowered by 18.36% from the previous $31.92.
The average price target suggests analysts believe CHWY has upside potential, which could positively influence investor sentiment and the stock price in the short term. However, the decrease in the target price may temper expectations. The ratings are a mix, with more analysts leaning towards bullish than bearish, which generally bodes well for the stock. The confidence level is not at 100 due to the inherent unpredictability of market reactions to analyst ratings.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100