Chewy (CHWY) Set to Leverage on Favorable 2026 Internet Outlook

Group 1 - Chewy Inc (NYSE:CHWY) is considered one of the best large-cap stocks under $100, with a significant upside potential of approximately 49% based on a median 1-year price target of $47.19 [1] - The stock has received coverage from 18 analysts, with 16 assigning Buy ratings and 2 giving Hold calls, indicating a highly bullish sentiment towards the company [1] - Analyst Shweta Khajuria from Wolfe Research reaffirmed an Outperform rating on Chewy, lowering her price target from $46 to $44, which still suggests around 39% upside potential [2] Group 2 - Khajuria's optimism for Chewy is based on a positive outlook for Internet stocks in 2026, although she cautions that the upcoming year may not see the same level of outperformance due to stretched valuations [3] - Chewy operates as an e-commerce retailer focused on pet health products and services, generating 70% of its business revenues through its popular "Autoship" service [4] - The company offers products from over 3,500 brands via a high-volume automated distribution network, highlighting its extensive market reach [4]