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Chewy (CHWY) Stock Forecast & Price Target

$24.14
-0.73 (-2.94%)
(As of 07/24/2024 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

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

$27.07
12.14% Upside
High Forecast$40.00
Average Forecast$27.07
Low Forecast$16.50

According to the 22 analysts' twelve-month price targets for Chewy, the average price target is $27.07. The highest price target for CHWY is $40.00, while the lowest price target for CHWY is $16.50. The average price target represents a forecasted upside of 12.14% from the current price of $24.14.

TypeCurrent Forecast
7/26/23 to 7/25/24
1 Month Ago
6/26/23 to 6/25/24
3 Months Ago
4/27/23 to 4/26/24
1 Year Ago
7/26/22 to 7/26/23
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)
13 Buy rating(s)
14 Buy rating(s)
13 Buy rating(s)
Hold
9 Hold rating(s)
7 Hold rating(s)
5 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$27.07$26.31$27.50$43.05
Forecasted Upside12.14% Upside26.68% Upside36.52% Upside19.43% 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.
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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.
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Chewy Stock vs. The Competition

TypeChewyRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.50
2.46
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside12.14% Upside60.60% Upside10.68% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/19/2024Citigroup
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$16.00 ➝ $28.00+9.59%
7/16/2024Wolfe Research
3 of 5 stars
S. Khajuria
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Initiated CoveragePeer Perform
7/9/2024Argus
2 of 5 stars
K. Ruggeri
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DowngradeBuy ➝ Hold
6/28/2024Guggenheim
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 Boost TargetBuy ➝ Buy$25.00 ➝ $32.00+9.85%
6/27/2024Wedbush
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 Boost TargetOutperform ➝ Outperform$28.00 ➝ $35.00+12.79%
6/10/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$18.00 ➝ $20.00-12.09%
5/31/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$19.00 ➝ $22.00+3.72%
5/30/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$22.00 ➝ $28.00+27.33%
5/30/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$18.00 ➝ $20.00-9.05%
5/30/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$19.00 ➝ $21.00-4.24%
5/30/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$19.00 ➝ $24.00+9.44%
5/30/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$16.00 ➝ $22.00+2.33%
5/30/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$27.00 ➝ $28.00+30.23%
5/29/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$25.00 ➝ $30.00+38.57%
3/22/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$35.00 ➝ $22.00+34.39%
3/21/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$27.00 ➝ $25.00+53.56%
3/21/2024Bank of America
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 Lower TargetUnderperform ➝ Underperform$17.00 ➝ $16.50-0.78%
3/21/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$36.00 ➝ $32.00+91.85%
3/15/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$28.00+63.55%
1/11/2024Barclays
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 UpgradeEqual Weight ➝ Overweight$19.00 ➝ $30.00+50.41%
9/20/2023Oppenheimer
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 DowngradeOutperform ➝ Market Perform
8/31/2023Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$50.00 ➝ $40.00+46.36%
6/1/2023Gordon Haskett
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 UpgradeHold ➝ Buy$40.00+35.64%
3/10/2023Roth Mkm
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 Initiated CoverageBuy$52.00+30.39%
3/9/2023Roth Capital
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D. Bellinger
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Reiterated RatingBuy
11/15/2022Moffett Nathanson
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Michael Morton
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Initiated CoverageMarket Perform$33.00-23.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:04 AM 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 $27.07, with a high forecast of $40.00 and a low forecast of $16.50.

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 23.51% 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 1 downgrade by analysts.

What analysts cover Chewy?
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.


This page (NYSE:CHWY) was last updated on 7/25/2024 by MarketBeat.com Staff

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