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Analysts Are Bullish on Top Consumer Cyclical Stocks: Maplebear (CART), Chewy (CHWY)

Tipranks - Fri Apr 10, 4:20AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Maplebear (CART) and Chewy (CHWY) with bullish sentiments.

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Maplebear (CART)

In a report released yesterday, Josh Beck from Raymond James upgraded Maplebear to Buy, with a price target of $50.00. The company’s shares closed last Wednesday at $39.60.

According to TipRanks.com, Beck is ranked #373 out of 12128 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Maplebear with a $49.58 average price target, representing a 19.7% upside. In a report issued on March 30, Jefferies also upgraded the stock to Buy with a $45.00 price target.

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Chewy (CHWY)

In a report released yesterday, Mike McGovern from Bank of America Securities maintained a Buy rating on Chewy, with a price target of $40.00. The company’s shares closed last Wednesday at $26.46.

According to TipRanks.com, McGovern is a 2-star analyst with an average return of 1.0% and a 41.5% success rate. McGovern covers the NA sector, focusing on stocks such as ACV Auctions, Carvana Co, and Wayfair. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chewy with a $41.56 average price target, a 53.2% upside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $29.00 price target.

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