Morgan Stanley has revised its bull case valuation for Chewy Inc. (NYSE: CHWY), increasing the target to $53 per share. This upward adjustment reflects the company's robust cost management and potential for margin expansion.
Influential trader Keith Gill, also known as “Roaring Kitty,” made his first social media post in two months Friday.
Investors interested in Internet - Commerce stocks are likely familiar with Chewy (CHWY) and MercadoLibre (MELI). But which of these two stocks presents investors with the better value opportunity right now?
Chewy (CHWY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Chewy (CHWY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Chewy is distinctly different from competing pet-supply retailers like Petsense and PetSmart. Consumers remain willing to spend on their pets, even if they're currently cost-conscious about how they do it.
Chewy CHWY sent waves through the market as its share price rose as much as 15% after its second-quarter 2024 earnings were released. This positive investor reaction underscores Chewy's growing dominance in the $232 billion e-commerce pet sector, proving that its customer-centric approach and strategic initiatives are translating into tangible financial success.
U.S. stocks settled higher on Friday, with the S&P 500 gaining 2.3% during August to record its fourth consecutive winning month. The Dow rose around 1.8%, while the Nasdaq Composite recorded a 0.7% gain for the period.
Chewy returned to growth in a critical customer metric.
Chewy crushed bottom-line estimates in its second quarter but revenue growth was sluggish. Revenue growth has continued to decelerate since the end of the pandemic.
Chewy posted solid Q2 results, with big jumps in profitability measures. Its gross margins, meanwhile, continue to improve as it sees sales shift to higher-margin products.