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Chewy (CHWY) Stock Forecast & Price Target

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$16.38
-0.32 (-1.92%)
(As of 05/22/2024 ET)
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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 20 Analyst Ratings

Consensus Price Target

$26.83
63.82% Upside
High Forecast$40.00
Average Forecast$26.83
Low Forecast$16.00
TypeCurrent Forecast
5/24/23 to 5/23/24		1 Month Ago
4/24/23 to 4/23/24		3 Months Ago
2/23/23 to 2/23/24		1 Year Ago
5/24/22 to 5/24/23
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)
14 Buy rating(s)
17 Buy rating(s)
13 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
11 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$26.83$27.50$32.73$42.77
Forecasted Upside63.82% Upside36.52% Upside37.56% Upside20.72% 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

TypeChewyConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.65
2.46
2.49
Consensus RatingModerate BuyHoldHold
Predicted Upside63.82% Upside678.42% Upside8.71% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/7/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$18.00 ➝ $16.00+3.69%
4/23/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$19.00 ➝ $16.00+1.91%
3/22/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$35.00 ➝ $22.00+34.39%
3/21/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$27.00 ➝ $25.00+53.56%
3/21/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetUnderperform ➝ Underperform$17.00 ➝ $16.50-0.78%
3/21/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$25.00 ➝ $22.00+32.61%
3/21/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$36.00 ➝ $32.00+91.85%
3/21/2024Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$25.00+50.24%
3/21/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$25.00+40.96%
3/19/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageNeutral$18.00+6.89%
3/15/2024JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMarket Outperform ➝ Market Outperform$28.00+63.55%
1/11/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$19.00 ➝ $30.00+50.41%
12/7/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$28.00 ➝ $27.00+39.53%
12/4/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$33.00 ➝ $24.00+26.72%
10/25/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Neutral$25.00 ➝ $20.00+16.82%
9/20/2023Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Market Perform
9/6/2023Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$30.00+22.90%
9/1/2023Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$45.00 ➝ $35.00+45.99%
8/31/2023Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$50.00 ➝ $40.00+46.36%
6/1/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$35.00 ➝ $37.00+25.47%
6/1/2023Gordon Haskett
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$40.00+35.64%
3/23/2023Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform$55.00 ➝ $53.00+49.38%
3/10/2023Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$52.00+30.39%
3/9/2023Roth Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Bellinger
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy
12/7/2022Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Peer Perform
11/15/2022Moffett Nathanson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Michael Morton
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageMarket Perform$33.00-23.63%
6/3/2022Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight$65.00 ➝ $55.00+88.49%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:52 AM ET.

CHWY Frequently Asked Questions

What is Chewy's stock forecast and purchase recommendation?

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Chewy is $26.83, with a high forecast of $40.00 and a low forecast of $16.00. 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. 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 37.26% based on their 12-month stock forecasts.

What analysts cover Chewy?

Chewy has been rated by research analysts at Bank of America, Citigroup, 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 5/23/2024 by MarketBeat.com Staff

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