Is Chewy Inc.’s (CHWY) AI Upside Enough to Justify Further Gains?

Core Viewpoint - Chewy, Inc. (NYSE:CHWY) is considered a stock under $50 with potential for investment, supported by varying price target adjustments from different analysts [1][2]. Analyst Ratings and Price Targets - Morgan Stanley raised the price target for Chewy, Inc. to $51 from $48, maintaining an 'Overweight' rating, indicating a positive outlook for the company in the internet sector [1]. - Wolfe Research lowered its price target for Chewy, Inc. to $44 from $46 while keeping an 'Outperform' rating, suggesting a cautious but still favorable view on the company's performance relative to the internet sector [2]. - A consensus of 69% of analysts recommend a 'Buy' rating for Chewy, Inc., with a median price target of $46, indicating an upside potential of 41.84% [3]. Company Overview - Chewy, Inc. is a Florida-based company that provides pet food, medications, and health products, as well as pet services, operating through retail websites and mobile applications [4].