Chewy (CHWY) Stock Forecast & Price Target

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$16.56

-0.02 (-0.12%)

(As of 04/16/2024 ET)

Chewy Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 20 Analyst Ratings

Analysts' Consensus Price Target

$27.64
66.98% Upside

High Forecast	$40.00
Average Forecast	$27.64
Low Forecast	$16.50

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
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	14 Buy rating(s)	15 Buy rating(s)	17 Buy rating(s)	12 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$27.64	$31.81	$32.73	$43.33
Predicted Upside	66.98% Upside	38.93% Upside	37.56% Upside	20.84% Upside

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CHWY Analyst Ratings 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	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.65	2.44	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	70.85% Upside	892.88% Upside	11.23% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/22/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$35.00 ➝ $22.00	+34.39%
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	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underperform ➝ Underperform	$17.00 ➝ $16.50	-0.78%
3/21/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$21.00 ➝ $19.00	+14.25%
3/21/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$25.00 ➝ $22.00	+32.61%
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%
Get the Latest News and Ratings for CHWY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Chewy and its competitors with MarketBeat's FREE daily newsletter.
3/21/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$25.00	+50.24%
3/21/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$25.00	+40.96%
3/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$18.00	+6.89%
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%
1/11/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$19.00 ➝ $30.00	+50.41%
12/7/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$28.00 ➝ $27.00	+39.53%
12/4/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$33.00 ➝ $24.00	+26.72%
10/25/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$25.00 ➝ $20.00	+16.82%
9/20/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
9/6/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$30.00	+22.90%
9/1/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$45.00 ➝ $35.00	+45.99%
8/31/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$50.00 ➝ $40.00	+46.36%
8/31/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$36.00 ➝ $30.00	+9.77%
6/1/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$35.00 ➝ $37.00	+25.47%
6/1/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$40.00	+35.64%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:44 PM ET.

CHWY Price Target - Frequently Asked Questions

What is Chewy's consensus rating and price target?: According to the issued ratings of 20 analysts in the last year, the consensus rating for Chewy stock is Moderate Buy based on the current 1 sell rating, 5 hold ratings and 14 buy ratings for CHWY. The average twelve-month price prediction for Chewy is $27.64 with a high price target of $40.00 and a low price target of $16.50. Learn more on CHWY's analyst rating history.
Do Wall Street analysts like Chewy more than its competitors?: Analysts like Chewy more than other Consumer Staples companies. The consensus rating for Chewy is Moderate Buy while the average consensus rating for consumer staples companies is Hold. Learn more on how CHWY compares to other companies.
Does Chewy's stock price have much upside?: According to analysts, Chewy's stock has a predicted upside of 36.91% based on their 12-month stock forecasts.

What analysts cover Chewy?: Chewy has been rated by Bank of America, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., Mizuho, Needham & Company LLC, Piper Sandler, Royal Bank of Canada, The Goldman Sachs Group, and Wedbush in the past 90 days.

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This page (NYSE:CHWY) was last updated on 4/16/2024 by MarketBeat.com Staff

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Chewy (CHWY) Stock Forecast & Price Target

Chewy Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

CHWY Analyst Ratings By Month

CHWY Price Targets by Month

Chewy Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

CHWY Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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