The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Shares of Chewy (NYSE:CHWY | CHWY Price Prediction) are down 6% to $19.80 in Friday morning trading after a second analyst downgrade in two sessions, with JPMorgan pulling the pet retailer off its buy-equivalent list.
Chewy remains a buy with a $25 price target, supported by margin inflection and resilient performance despite recent volatility. Q2 net sales grew 7.3% YoY to $3.33B, with Autoship sales comprising 84.6% of total revenue, though growth rates are decelerating. Gross margin was boosted by $15M in one-off benefits; adjusted margins would have declined YoY, raising caution on profitability trends.
CHWY lifts its fiscal 2026 outlook as stable pet demand, share gains, Autoship growth and AI savings support execution without a market rebound.
Chewy TodayCHWYChewy$21.32 +0.57 (+2.72%) As of 12:05 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$17.40▼$40.55P/E Ratio35.62Price Target$31.05Add to WatchlistChewy, Inc.'s NYSE: CHWY 2026 price weakness, including its early-September sell-off, looks increasingly disconnected from the company's operating strength and may give long-term investors an opening.
Chewy's Q2 sales beat estimates as customer growth, Autoship strength and cost discipline support results and a higher fiscal 2026 outlook.
Chewy delivered strong EBITDA and better-than-expected Q2 results, driven by organic sales growth and an expanding customer base. CHWY's strategic expansion into new verticals, notably veterinary care clinics, is diversifying revenue and reducing reliance on core pet food and toy sales. I view CHWY as undervalued, with improving KPIs like net sales per active customer and robust free cash flow supporting a bullish outlook.
Chewy (NYSE:CHWY | CHWY Price Prediction) stock is down 11% midday on Wednesday to $20.
Chewy Inc (NYSE:CHWY) reported second-quarter revenue and profit above Wall Street estimates on Thursday, even as shares fell 8.6% after the pet products retailer's free cash flow missed expectations. Revenue rose 7.3% year-over-year to $3.33 billion, edging past the $3.32 billion analysts had forecast.
Although the revenue and EPS for Chewy (CHWY) give a sense of how its business performed in the quarter ended July 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Chewy NYSE: CHWY reported second-quarter fiscal 2026 net sales of $3.33 billion, up 7.3% from a year earlier and at the high end of its guidance range, as active customer growth, higher spending per customer and Autoship sales supported results amid continued pressure on pet-sector discretionary spending.
Chewy (CHWY) came out with quarterly earnings of $0.36 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.33 per share a year ago.