The Analyst Landscape: 5 Takes On Chewy
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Chewy (NYSE:CHWY) show a predominantly bullish outlook, with 4 bullish and 1 somewhat bullish ratings in the last three months. The average 12-month price target for CHWY has been raised to $28.6, indicating an 8.62% increase from the previous target of $26.33. Analysts from firms like Needham, Goldman Sachs, Barclays, and Jefferies have adjusted their price targets and ratings, reflecting their views on Chewy's market position and financial health. Chewy, a leading e-commerce pet care retailer, reported a revenue growth rate of 8.15% as of October 31, 2023, and has shown strong financial health despite a net margin of -1.31% and below-industry benchmarks for ROE and ROA.
March 08, 2024 | 12:00 pm
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POSITIVE IMPACT
Chewy has received a positive outlook from analysts, with an increased average 12-month price target of $28.6, reflecting a bullish sentiment. The company's strong revenue growth and financial health, despite some challenges, contribute to this optimistic view.
The increase in Chewy's average 12-month price target by analysts, along with the positive revenue growth and financial indicators, suggests a strong bullish sentiment. Despite some below-industry benchmarks in ROE and ROA, the overall positive outlook from analysts, including adjustments to ratings and price targets, indicates confidence in Chewy's market position and financial health. This is likely to have a positive short-term impact on CHWY's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100