Chewy Analyst Highlights Website Visits Growth, 'Green Shoots' Across Industry Ahead Of Q2 Earnings
Portfolio Pulse from Adam Eckert
JPMorgan analysts are optimistic about Chewy Inc (NYSE:CHWY) ahead of its Q2 earnings report, highlighting growth in website visits and industry trends. Chewy is expected to report earnings of 3 cents per share on $2.856 billion in revenue. The company is well-positioned in the growing online pet market, with a strong autoship subscription program and multiple revenue drivers. JPMorgan maintains an Overweight rating with a $28 price target.
August 22, 2024 | 6:43 pm
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JPMorgan analysts are optimistic about Chewy Inc (NYSE:CHWY) ahead of its Q2 earnings report, highlighting growth in website visits and industry trends. Chewy is expected to report earnings of 3 cents per share on $2.856 billion in revenue. The company is well-positioned in the growing online pet market, with a strong autoship subscription program and multiple revenue drivers. JPMorgan maintains an Overweight rating with a $28 price target.
JPMorgan's positive outlook and Overweight rating on Chewy, along with a $28 price target, suggest a likely positive impact on CHWY stock. The growth in website visits and industry trends further support this view. The upcoming earnings report could act as a catalyst for stock movement.
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