Raymond James Maintains Outperform on Chewy, Raises Price Target to $28
Raymond James analyst Rick Patel maintains Chewy (NYSE:CHWY) with a Outperform and raises the price target from $25 to $28.
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Mizuho Maintains Outperform on Chewy, Lowers Price Target to $32
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Chewy (CHWY) Gains As Market Dips: What You Should Know
Chewy (CHWY) closed at $23.80, up 2.32% in the latest session, outperforming the S&P 500's decline. The company is expected to report Q3 2026 earnings on September 9 with projected EPS of $0.36 (up 9.09% YoY) and revenue of $3.32 billion (up 6.83% YoY). Despite trading at a Forward P/E of 15.25 (below industry average of 17.22) and a favorable PEG ratio of 0.62, Chewy holds a Zacks Rank #4 (Sell) rating due to a 0.31% decline in consensus EPS estimates over the past month.
2 Beaten-Down Consumer Stocks That Could Double in Five Years
Chewy and Celsius Holdings are trading 46% below their 52-week highs but present potential doubling opportunities over five years. Chewy benefits from strong customer loyalty, growing Autoship sales (84% of revenue), and improving margins at 7.5%. Celsius is capitalizing on the fast-growing energy drink market with 20% U.S. market share, strong retail demand (+31%), and international expansion potential. Both stocks trade at reasonable valuations (16x and 24x forward P/E respectively) relative to their growth prospects.