As of January 11, 2024, a total of 17 analysts have weighed in on Chewy (NYSE: CHWY), providing a diverse range of perspectives on the stock. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months:
Rating Total Ratings Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago
Bullish 4 0 2 2 0
Somewhat Bullish 9 1 0 6 2
Indifferent 3 0 0 2 1
Somewhat Bearish 1 0 0 0 1
Bearish 0 0 0 0 0
Analysts have also provided 12-month price targets for Chewy, revealing an average target of $26.71, with a high estimate of $43.00 and a low estimate of $16.00. Notably, the current average target is 14.47% lower than the previous average target of $31.23, indicating a downward trend.
Recent analyst actions have included a mix of rating adjustments and price target changes. For instance, Trevor Young from Barclays raised the rating to “Overweight” with a current price target of $30.00, up from the previous target of $19.00. Conversely, analysts such as Steven Shemesh from RBC Capital and Eric Sheridan from Goldman Sachs have lowered their ratings and price targets.
Overall, the average analyst rating for Chewy stock, based on the opinions of 23 stock analysts, is “Buy.” This suggests that analysts believe the stock is likely to outperform the market over the next twelve months.
In summary, the analyst ratings for Chewy indicate a moderate buy consensus, with a range of price targets and a mix of bullish and bearish sentiments over the past three months.
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CHWY Stock Faces Decline in Price Momentum and Potential Downward Trend: Investors Should Monitor Performance and Stay Informed
On January 11, 2024, CHWY stock experienced a decline in its price momentum, trading near the bottom of its 52-week range and below its 200-day simple moving average. According to data from CNN Money, the price of CHWY shares dropped by $1.21 since the market last closed, representing a 5.72% decrease. The stock closed at $19.94.
However, there seems to be a slight recovery in pre-market trading, as the stock has risen by $0.37. While this uptick may provide some relief to investors, it remains to be seen whether it will be sustained throughout the trading day.
Trading near the bottom of its 52-week range suggests that CHWY stock has been underperforming in recent times. Investors may be concerned about the company’s financial performance or market conditions impacting its stock price. Additionally, trading below the 200-day simple moving average indicates a potential downward trend in the stock’s price.
Investors in CHWY should closely monitor the stock’s performance throughout the day to gauge whether the pre-market recovery continues or if the downward trend persists. Additionally, keeping an eye on any news or updates regarding the company’s financials, partnerships, or industry trends can provide valuable insights into the stock’s future performance.
As with any investment, it is advisable to consult with a financial advisor or conduct independent research to make informed decisions based on individual investment goals and risk tolerance.
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Chewy Inc. Showcases Impressive Revenue Growth Despite Decline in Net Income and EPS
On January 11, 2024, Chewy Inc. (CHWY) showcased a stable performance in the stock market, with its total revenue remaining flat since the previous quarter. The data, sourced from CNN Money, highlights the company’s financial standing over the past year.
Chewy Inc., an online retailer specializing in pet products, reported a total revenue of $10.10 billion over the past year, representing a 13.59% increase compared to the previous year. This growth indicates a positive trajectory for the company’s financial health.
However, in the third quarter of the same year, Chewy Inc. experienced a decline in net income. The company reported a net loss of -$35.81 million, marking a decrease of 289.01% compared to the previous quarter. Despite this setback, it is important to note that net income had increased by 166.69% since the previous year, indicating a positive long-term trend.
Similarly, the earnings per share (EPS) for Chewy Inc. demonstrated a decline in the third quarter of 2024. The company reported an EPS of -$0.08, reflecting a decrease of 289.29% compared to the previous quarter. However, when compared to the previous year, the EPS had increased by a significant 165.07%.
Overall, while Chewy Inc. experienced a decline in net income and EPS in the third quarter of 2024, the company has shown impressive growth over the past year. With a total revenue increase of 13.59% since the previous year, Chewy Inc. remains a strong player in the online pet product retail market.
Investors should consider the long-term growth potential of Chewy Inc., as the company has consistently demonstrated positive revenue growth. The decline in net income and EPS in the third quarter should be analyzed in the context of broader trends and the company’s overall financial stability.
It is important for investors to conduct further research and analysis before making any investment decisions. While the provided data offers insights into Chewy Inc.’s recent performance, additional factors such as market conditions, competition, and management decisions should also be considered.
