Evaluating Chewy: Insights From 16 Financial Analysts
Portfolio Pulse from Benzinga Insights
Chewy (NYSE:CHWY) has been analyzed by 16 financial analysts over the past three months, showing a range of sentiments from bullish to bearish. The average 12-month price target has increased to $24.12 from $21.44. Recent analyst actions include several rating raises and a few lowers, reflecting changing market conditions and company performance. Chewy's financial performance is strong, with notable revenue growth, profitability, and effective debt management.
June 28, 2024 | 8:01 pm
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POSITIVE IMPACT
Chewy has received a range of analyst ratings, with a notable increase in the average 12-month price target to $24.12. Recent analyst actions include several rating raises, reflecting positive sentiment towards the company's performance and market position.
The increase in the average price target and multiple rating raises indicate positive sentiment from analysts, which is likely to boost investor confidence and drive the stock price up in the short term. Chewy's strong financial performance further supports this positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100