Goldman Sachs Maintains Buy on Chewy, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Buy rating on Chewy (NYSE:CHWY) but has reduced the price target from $40 to $36.

January 11, 2024 | 1:09 pm
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Goldman Sachs reaffirms a Buy rating on Chewy but lowers the price target to $36 from $40.
While the reduction in price target could suggest a more conservative outlook on Chewy's future stock performance, the maintenance of a Buy rating indicates that Goldman Sachs still sees positive potential in the company. The impact on the stock price is likely to be mixed in the short term, as the market digests both the positive endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100