Chewy, Inc. (CHWY) shares have increased by 3.1% over the past four weeks, closing at $26.87. Wall Street analysts have a mean price target of $42.17 for the stock, indicating a potential upside of 56.9%. This target is based on 24 estimates with a standard deviation of $6.91, highlighting a strong agreement among analysts.
The Zacks Consensus Estimate for Chewy’s current year earnings has risen by 9.1% in the past month, following seven upward revisions with no downgrades. Chewy holds a Zacks Rank #2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which further supports its potential for near-term stock price gains.
