Chewy Q3: Cautiously Optimistic On A 22% Upside Potential (Rating Upgrade)
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Chewy has been upgraded to a 'buy' rating due to expected revenue growth from its Autoship program and strategic initiatives. Despite a Q3 EPS miss and margin declines, management raised FY24 guidance.
December 06, 2024 | 10:30 am
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Chewy has been upgraded to a 'buy' rating with a 22% upside potential. The company is expected to see revenue growth from its Autoship program and strategic initiatives, despite a Q3 EPS miss and margin declines.
The upgrade to 'buy' suggests positive investor sentiment and potential stock price increase. Revenue growth from Autoship and strategic initiatives is expected to offset the negative impact of the Q3 EPS miss and margin declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100