JPMorgan Chase & Co. Issues Pessimistic Forecast for Chewy (NYSE:CHWY) Stock Price

Key Points

• JPMorgan Chase cut its Chewy price target from $46 to $40 but kept an "overweight" rating — the new target still implies about a 47% upside from the prior close, while the sell‑side consensus is a "Moderate Buy" with a $43.90 consensus price target.
• Shares trade around $27.18, well below many analyst targets and the 52‑week high of $48.62; management's upbeat 2026 guidance and AI/margin initiatives support the recovery, but an insider sale and very high institutional ownership (~93%) raise the risk of further downside if funds reduce positions.

Chewy (NYSE:CHWY - Get Free Report) had its price objective reduced by analysts at JPMorgan Chase & Co. from $46.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 47.17% from the stock's previous close.

Several other brokerages also recently weighed in on CHWY. TD Cowen increased their price target on Chewy from $39.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday. Wall Street Zen upgraded Chewy from a "hold" rating to a "buy" rating in a research note on Saturday, February 14th. UBS Group set a $51.00 target price on Chewy in a report on Tuesday, January 13th. Barclays reduced their price target on Chewy from $52.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, March 5th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Chewy in a report on Wednesday, January 21st. Seventeen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.90.

Chewy Price Performance

NYSE:CHWY traded up $0.61 during midday trading on Thursday, hitting $27.18. The company's stock had a trading volume of 4,292,005 shares, compared to its average volume of 8,276,455. The firm's 50 day moving average is $27.19 and its 200-day moving average is $32.34. Chewy has a fifty-two week low of $22.74 and a fifty-two week high of $48.62. The firm has a market cap of $11.28 billion, a P/E ratio of 56.63, a P/E/G ratio of 1.59 and a beta of 1.60.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 13,013 shares of the firm's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the sale, the chief technology officer directly owned 273,835 shares in the company, valued at $7,938,476.65. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CHWY. Park Avenue Securities LLC increased its holdings in shares of Chewy by 4.0% in the third quarter. Park Avenue Securities LLC now owns 7,810 shares of the company's stock valued at $316,000 after purchasing an additional 302 shares during the last quarter. Transatlantique Private Wealth LLC boosted its stake in Chewy by 3.0% during the third quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company's stock worth $442,000 after buying an additional 314 shares during the last quarter. National Bank of Canada FI grew its holdings in Chewy by 12.5% in the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company's stock valued at $118,000 after buying an additional 324 shares in the last quarter. Angeles Wealth Management LLC increased its stake in shares of Chewy by 6.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company's stock worth $215,000 after acquiring an additional 330 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in shares of Chewy by 3.2% during the 3rd quarter. Sivia Capital Partners LLC now owns 11,072 shares of the company's stock worth $448,000 after acquiring an additional 343 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Company issued upbeat 2026 guidance and margin targets that lifted conviction in profit recovery and free‑cash‑flow expansion. Chewy: Expanding Margin Profile
• Positive Sentiment: Operational strengths — Autoship growth, higher sales per active customer and reported margin expansion — were cited as drivers of the post‑earnings rally. CHWY Stock Up 13% Following Solid Q4 Performance Despite Earnings Miss (Zacks)
• Positive Sentiment: Management highlighted AI cost savings and vet-care expansion as multi‑year margin levers, reinforcing the thesis that operating efficiency will boost profit conversion. Chewy Stock Soars on Strong 2026 Revenue Outlook and AI Cost Savings (Blockonomi)
• Neutral Sentiment: Quarterly print was mixed: revenue was roughly in line with consensus while EPS comparisons varied (some outlets flagged a beat vs. low expectations; others noted a small miss vs. higher estimates). That ambiguity amplified intraday moves. Chewy Q4 Earnings: How Key Metrics Compare to Wall Street Estimates (Zacks)
• Neutral Sentiment: Heavy options and intraday call buying amplified price moves around the print — a technical/flow factor that can exaggerate swings short‑term. Chewy Stock Surges On Strong Q4 Results And Guidance (Benzinga)
• Negative Sentiment: Several shops adjusted price targets — some trimmed targets despite the positive print — introducing near‑term sellside caution and mixed messaging for investors. Analyst price target and rating updates (Benzinga)
• Negative Sentiment: High institutional ownership and recent large institutional reductions raise the risk of further downside if funds continue to trim positions; insider sales were also noted in recent filings. Chewy jumps 15% as investors position for fiscal Q4 and full-year results (QuiverQuant)

Chewy Company Profile

Chewy, Inc NYSE: CHWY is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.

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