Core Viewpoint - Chewy Inc (NYSE:CHWY) has received a "buy" rating from Cowen with a price target of $38, indicating a nearly 30% upside from its recent closing price of $30.45, reflecting positive analyst sentiment and potential for further gains [1][2]. Group 1: Stock Performance - Chewy's stock is currently trading at $30.45, up 3.2%, and is on track for its highest close since September 19, with a year-to-date gain of 30% [1]. - The stock's 50-day moving average has provided support, particularly after a recent pullback below $28 [1]. Group 2: Analyst Sentiment - Analyst sentiment is mixed, with 13 analysts rating the stock as "buy" or "strong buy" and 11 as "hold" or "sell," suggesting potential for unwinding bearish positions following the new bullish note [2]. - The recent bullish note from Cowen may lead to further positive momentum in the stock [2]. Group 3: Options Activity - Options trading has seen increased activity, with call options trading at double the average pace, indicating heightened interest in the stock [2]. - The most popular options are the weekly 11/8 30- and 32-strike calls, with new positions being opened at the 32-strike [2]. Group 4: Volatility Assessment - The current Schaeffer's Volatility Index (SVI) for Chewy is at 50%, which is in the 6th annual percentile, suggesting that options are relatively affordable at this time [3].

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying CHWY stock? Here's what analysts think: Chewy Inc has a consensus price target of $31.26 based on the ratings of 27 analysts. The high is $52 issued by Roth MKM on June 23, 2023. The low is $20 issued by Mizuho on June 10, 2024. The 3 most-recent analyst ratings were released by TD Cowen, Piper Sandler ...

Shares of Chewy Inc (CHWY, Financial) fell 3.58% in mid-day trading on Oct 2. The stock reached an intraday low of $28.08, before recovering slightly to $28.31, down from its previous close of $29.36. This places CHWY 27.60% below its 52-week high of $39.10 and 92.78% above its 52-week low of $14.69. Trading volume was 1,645,734 shares, 24.9% of the average daily volume of 6,608,282. Wall Street Analysts Forecast Based on the one-year price targets offered by 21 analysts, the average target price for Chewy ...

Which of these e-commerce stocks has a brighter future? Amazon (AMZN -0.64%) and Chewy (CHWY 0.24%) represent two different ways to invest in the ecommerce sector. Amazon is the world's largest e-commerce company and Chewy operates a smaller online marketplace for pet products. Chewy was spun off from PetSmart and went public in 2019, but it's only risen 36% from its IPO price of $22 and trades 75% below its all-time high. Amazon's stock has rallied 118% over the past five years and is hovering close to its ...

Most of our top stock picks of 2024 built on gains or cut into deficits for the third quarter Subscribers to Chart of the Week received this commentary on Sunday, September 29. It feels like just yesterday we were unveiling Schaeffer's Top Stock Picks of 2024, and now, with the fourth quarter already upon us, we're in the home stretch of the year. The third quarter was replete with broad market tech corrections, a seismic political paradigm shift, and a sharp V-rally from equities that rejected general stoc ...

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio? Also Read: Photo via Shutterstock ...

Core Viewpoint - Chewy's stock price declined over 4% due to a significant shareholding divestment by its largest shareholder, contrasting with the S&P 500 index's minor drop of 0.2% [1] Group 1: Shareholder Actions - An affiliate of BC Partners Advisors is selling approximately 16.7 million shares of Chewy's class A common stock at a price of $30 per share [2] - Morgan Stanley, the underwriter for the sale, has a 30-day option to purchase an additional 2.5 million shares [3] Group 2: Market Impact - The current sale represents at least 11.7% of Chewy's outstanding class A shares, which total around 143 million [4] - The discounted offering has led to an immediate impact on Chewy's share price, but the company's fundamental performance is expected to have a more significant influence on its stock trajectory than changes in institutional shareholding [4]

The retail sector is staging a solid comeback as inflationary pressures ease. The sector struggled for months, crippled by sky-high inflation and higher borrowing costs. The jump in August retail sales proves that the U.S. economy is on solid ground. The retail sector is expected to get a further boost as the Fed gears up to announce its rate cut today, the first since March 2020. Given this scenario, investing in retail stocks would be a prudent choice. We have narrowed our search to four retail stocks suc ...

Why Chewy's stock is a must-buy. This year has been a rollercoaster ride for Chewy (CHWY -1.84%). The stock started the year on a downward trajectory after management said that pet industry spending for 2024 would be lower than historical levels. The stock then got a lift in late May when it reported solid first-quarter sales results. Later in the summer, the stock shot higher when Keith Gill, aka Roaring Kitty on the Wallstreetbets message boards of Reddit, posted a photo of a cartoon dog on his X (formerl ...

Chalabala/iStock via Getty Images Chewy (NYSE: CHWY) reported better than expected earnings for the second fiscal quarter at the end of August that went hand in hand with strong EBBTDA margins and a favorable customer monetization trend. Shares of Chevy have also revalued sharply higher in FY 2024 as the company's business fundamentals are improving and a meme investor took a position in the pet supply o-Commerce platform. I believe the value proposition is still attractive here for long term investors, des ...