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?
In the closing of the recent trading day, Chewy (CHWY) stood at $16.57, denoting a +1.91% change from the preceding trading day.
The mean of analysts' price targets for Chewy (CHWY) points to a 45.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Chewy (CHWY) closed the most recent trading day at $16.28, moving +1.5% from the previous trading session.