Chewy (CHWY) Gets a Buy from J.P. Morgan
In a report released yesterday, Doug Anmuth from J.P. Morgan maintained a Buy rating on Chewy, with a price target of $46.00. The company’s shares closed yesterday at $26.15.
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According to TipRanks, Anmuth is a 5-star analyst with an average return of 15.9% and a 58.33% success rate. Anmuth covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Alphabet Class C.
Currently, the analyst consensus on Chewy is a Strong Buy with an average price target of $45.62, implying a 74.46% upside from current levels. In a report released today, TD Cowen also reiterated a Buy rating on the stock with a $39.00 price target.
Based on Chewy’s latest earnings release for the quarter ending November 2, the company reported a quarterly revenue of $3.12 billion and a net profit of $59.2 million. In comparison, last year the company earned a revenue of $2.88 billion and had a net profit of $3.93 million
Read More on CHWY:
Disclaimer & DisclosureReport an Issue
- Chewy price target lowered to $39 from $48 at TD Cowen
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