Chewy (CHWY) Stock Forecast & Price Target

$32.07

-0.60 (-1.84%)

(As of 09/17/2024 ET)

Chewy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 22 Analyst Ratings

Based on 22 Wall Street analysts who have issued ratings for Chewy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 1 has given a sell rating, 9 have given a hold rating, and 12 have given a buy rating for CHWY.

Consensus Price Target

$29.11
-9.24% Downside

High Forecast	$35.00
Average Forecast	$29.11
Low Forecast	$20.00

According to the 22 analysts' twelve-month price targets for Chewy, the average price target is $29.11. The highest price target for CHWY is $35.00, while the lowest price target for CHWY is $20.00. The average price target represents a forecasted downside of -9.24% from the current price of $32.07.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	15 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$29.11	$27.24	$26.31	$38.05
Forecasted Upside	-9.24% Downside	23.97% Upside	26.68% Upside	28.85% Upside

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CHWY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CHWY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Chewy Stock vs. The Competition

Type	Chewy	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.50	2.48	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-9.24% Downside	39.45% Upside	7.65% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2024	Wedbush 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$35.00 ➝ $35.00	+20.90%
8/29/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$32.00 ➝ $34.00	+18.38%
8/29/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$24.00 ➝ $32.00	+11.42%
8/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$28.00 ➝ $33.00	+14.90%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$20.00 ➝ $24.00	-16.49%
8/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$21.00 ➝ $30.00	+4.38%
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8/28/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$22.00 ➝ $29.00	-3.94%
8/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$28.00 ➝ $30.00	+11.65%
8/23/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$35.00	+32.93%
8/21/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Patel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
8/20/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$26.00 ➝ $32.00	+17.35%
7/19/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$16.00 ➝ $28.00	+9.59%
7/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Khajuria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
7/9/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Ruggeri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
6/28/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$25.00 ➝ $32.00	+9.85%
6/10/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$18.00 ➝ $20.00	-12.09%
5/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$18.00 ➝ $20.00	-9.05%
5/29/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$25.00 ➝ $30.00	+38.57%
3/21/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$27.00 ➝ $25.00	+53.56%
3/21/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$36.00 ➝ $32.00	+91.85%
3/15/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$28.00	+63.55%
9/20/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
6/1/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$40.00	+35.64%
3/10/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$52.00	+30.39%
3/9/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Bellinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
11/15/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Morton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$33.00	-23.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:37 PM ET.

CHWY Forecast - Frequently Asked Questions

What is Chewy's forecast for 2024?: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Chewy is $29.11, with a high forecast of $35.00 and a low forecast of $20.00.
Should I buy or sell Chewy stock right now?: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chewy in the last twelve months. There is currently 1 sell rating, 9 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CHWY shares.
Does Chewy's stock price have much upside?: According to analysts, Chewy's stock has a predicted upside of 15.70% based on their 12-month stock forecasts.
Has Chewy been downgraded by Wall Street analysts recently?: Over the previous 90 days, Chewy's stock had 2 downgrades by analysts.
What analysts cover Chewy?: Chewy has been rated by research analysts at Argus, Bank of America, Barclays, Citigroup, Evercore ISI, Guggenheim, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Raymond James, Robert W. Baird, Royal Bank of Canada, UBS Group, Wedbush, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Chewy more than its competitors?: Analysts like Chewy more than other "retail/wholesale" companies. The consensus rating for Chewy is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how CHWY compares to other companies.