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Analysts’ Top Consumer Cyclical Picks: Chewy (CHWY), Carvana Co (CVNA)

Tipranks - Tipranks - Thu Jun 11, 6:36PM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Chewy (CHWY), Carvana Co (CVNA) and DraftKings (DKNG) with bullish sentiments.

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Chewy (CHWY)

Morgan Stanley analyst Nathan Feather maintained a Buy rating on Chewy today and set a price target of $42.00. The company’s shares closed last Wednesday at $19.98.

According to TipRanks.com, Feather is a 2-star analyst with an average return of 1.9% and a 48.0% success rate. Feather covers the NA sector, focusing on stocks such as WW International, Inc., Revolve Group, and eBay. ;'>

Currently, the analyst consensus on Chewy is a Strong Buy with an average price target of $38.13, implying an 89.5% upside from current levels. In a report released today, TipRanks – xAI also upgraded the stock to Buy with a $22.50 price target.

See today’s best-performing stocks on TipRanks >>

Carvana Co (CVNA)

In a report released today, Daniela Haigian from Morgan Stanley maintained a Buy rating on Carvana Co, with a price target of $102.00. The company’s shares closed last Wednesday at $67.25.

Haigian has an average return of 1.3% when recommending Carvana Co. ;'>

According to TipRanks.com, Haigian is ranked #10689 out of 12296 analysts.

Currently, the analyst consensus on Carvana Co is a Strong Buy with an average price target of $94.26, implying a 36.1% upside from current levels. In a report issued on June 4, BTIG also maintained a Buy rating on the stock with a $97.00 price target.

DraftKings (DKNG)

In a report released today, Daniel Politzer from J.P. Morgan maintained a Buy rating on DraftKings. The company’s shares closed last Wednesday at $28.79, close to its 52-week low of $28.69.

According to TipRanks.com, Politzer is a 4-star analyst with an average return of 7.9% and a 54.3% success rate. Politzer covers the NA sector, focusing on stocks such as Hilton Worldwide Holdings, Wyndham Hotels & Resorts, and Rush Street Interactive. ;'>

DraftKings has an analyst consensus of Strong Buy, with a price target consensus of $35.52, which is a 26.8% upside from current levels. In a report issued on June 4, UBS also maintained a Buy rating on the stock with a $49.00 price target.

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