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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Chewy Inc. is well-positioned for a strong 2025, according to Mizuho Securities, which has upgraded the online retailer of pet products to outperform.
Chewy's stock price has delivered strong returns in the past seven months, jumping from a low of $14.7 to $36. This 145% jump was better than most companies in the United States, including the benchmark indices like the S&P 500 and Nasdaq 100.
Shares of leading pet e-commerce behemoth Chewy (CHWY 5.39%) were up 5% as of 12:45 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.
Chewy Inc (NYSE:CHWY) stock is 1.1% higher in pre-market trading, following a bull note at Wolfe Research.
Wolfe Research analyst Shweta Khajuria upgraded Chewy to Outperform from Peer Perform with a $42 price target. The firm said its upgrade is based on four key points, namely: customer growth is improving, with acceleration expected in 2025 and 2026; net sales per active customer growth will remain healthy driven by ongoing mix-shift to pet health and Autoship; several product catalysts, and; international expansion. All of these initiatives coupled with operational efficiency gains should help drive more meaningful margin expansion, the analyst tells investors in a research note.
Chewy (CHWY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The latest trading day saw Chewy (CHWY) settling at $29.32, representing a +0.14% change from its previous close.
Chewy Inc. CHWY is a prominent player in the pet care industry, leveraging its e-commerce platform to cater to a growing base of pet owners. CHWY is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 23.6x, which positions it at a discount compared to the industry's average of 25.47x.
In the most recent trading session, Chewy (CHWY) closed at $29.10, indicating a -1.42% shift from the previous trading day.