Raymond James Says Buy the Dip on Chewy Stock

Core Viewpoint - Chewy Inc has experienced a stock price increase of 4.3% to $25.20 following an upgrade from Raymond James, which has set a price target of $28, indicating an attractive risk/reward profile after a recent selloff [1] Group 1: Stock Performance - Chewy's stock reached a 52-week low of $23.06 recently and ended a six-day losing streak [1] - Since the beginning of 2026, Chewy's shares have declined by 24.2% [1] Group 2: Options Activity - The put/call volume ratio for Chewy has risen to 2.63 over the past 10 days, indicating a higher than usual popularity of puts, which could suggest potential for a sentiment shift if pessimism unwinds [2] Group 3: Short Interest and Technical Indicators - Short interest in Chewy has increased, now accounting for 7.4% of the stock's available float, which may indicate bearish sentiment [3] - Chewy's 14-day relative strength index (RSI) is at 22.7, suggesting a potential for a short-term bounce in stock price [3]