Core Viewpoint - Chewy's stock is experiencing a positive trend following favorable analyst reports and a better-than-expected earnings report, indicating a potential recovery in the pet e-commerce sector after a downturn post-pandemic [1][2][4]. Group 1: Analyst Sentiment - Several Wall Street analysts have issued bullish notes on Chewy, contributing to a 16.6% increase in stock price after the company's second-quarter earnings report [1]. - Goldman Sachs reiterated a buy rating with a price target of $35, citing improvements in active customer trends and internal initiatives expected to drive revenue growth [3]. - Morgan Stanley noted an increased probability of Chewy's stock doubling due to improved profit margins, while Barclays expressed optimism after meeting with management, highlighting revenue growth and margin expansion [4]. Group 2: Financial Performance - Chewy's revenue rose by 2.6% in the second quarter, but adjusted EBITDA surged by 155%, indicating strong profit performance despite sluggish revenue growth [5]. - The company needs to accelerate revenue growth to sustain the upward momentum in stock price [5]. Group 3: Industry Context - The pet sector, including Chewy, is showing signs of recovery after a significant downturn following the pandemic-driven boom in pet adoptions [2][4]. - Rival Petco has also seen stock gains due to a newly introduced turnaround plan, suggesting a broader recovery trend among pet stocks [4].

Chewy Inc. (CHWY) has been riding a wave of momentum, posting a 22.5% gain in the past month. Investors are excited, wondering if the pet e-commerce giant has more room to grow. With Chewy's stock already performing well in the broader market, the key question remains — should you buy more, hold tight or consider cashing out while the momentum lasts? The stock has comfortably outpaced the industry's modest rise of 5%. Chewy's unmatched scale and operational capabilities have also helped it outperform the Re ...

From a technical perspective, Chewy (CHWY) is looking like an interesting pick, as it just reached a key level of support. CHWY recently overtook the 20-day moving average, and this suggests a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. Simila ...

It's an analyst favorite for a clutch of reasons. Next-generation pet supplies specialist Chewy (CHWY 6.03%) was quite the flavorful stock to own on Tuesday. While there wasn't any fresh news of consequence from the company itself, a new research note from a bullish analyst helped propel the shares higher. They closed the day up 6% in price, easily beating the 0.5% increase of the S&P 500 index. Reiterating a solid buy recommendation That analyst was Alexandra Steiger of white-shoe investment bank Goldman S ...

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? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimat ...

Chewy (CHWY) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this online pet store is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions a ...

Chewy (CHWY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often find it har ...

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 sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Chewy (CHWY) . Chewy currently has an average brokerage recommendation (AB ...

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. Beyond the Kibble: A Closer Look at Chewy's Q2 Performance Chewy's earnings report for the second quarter of 2024 (Q2 FY 2024) was filled with posi ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chewy. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...