A Glimpse Into The Expert Outlook On Chewy Through 13 Analysts
Portfolio Pulse from Benzinga Insights
Recent evaluations by 13 analysts on Chewy (NYSE:CHWY) show a diverse range of opinions, with a notable negative shift in sentiment. The average 12-month price target has been lowered by 12.96% to $23.5. Analysts from firms like Piper Sandler, Goldman Sachs, and JP Morgan have adjusted their ratings and price targets, reflecting concerns over Chewy's market position despite its status as the largest e-commerce pet care retailer in the US. Chewy's financial health indicators such as revenue growth and ROE are positive, but challenges in net margin and ROA persist.
April 23, 2024 | 12:01 pm
News sentiment analysis
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NEGATIVE IMPACT
Chewy has seen a negative shift in analyst sentiment, with a decrease in the average price target and adjustments in ratings by major analysts. This reflects concerns over its profitability and asset utilization, despite strong revenue growth and market position.
The negative shift in analyst sentiment, highlighted by the decrease in the average price target and adjustments in ratings, indicates concerns over Chewy's profitability and asset utilization. Despite Chewy's strong revenue growth and its leading position in the e-commerce pet care sector, the lowered price targets and mixed ratings from analysts suggest potential short-term challenges for the stock. The detailed analysis of Chewy's financial health, including below-average net margin and ROA, supports the cautious outlook presented by analysts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100