Chewy (NYSE:CHWY) Price Target Lowered to $36.00 at Wedbush

Chewy (NYSE:CHWY) had its price target dropped by analysts at Wedbush from $42.00 to $36.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price target would suggest a potential upside of 31.67% from the company’s previous close.

A number of other research firms also recently commented on CHWY. Guggenheim reiterated a “buy” rating and issued a $45.00 price objective on shares of Chewy in a report on Thursday. Raymond James Financial upgraded Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a research report on Wednesday, January 21st. The Goldman Sachs Group upped their price target on Chewy from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Wolfe Research set a $44.00 price target on shares of Chewy in a research report on Monday, January 5th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.43.

Chewy Price Performance

Shares of Chewy stock traded up $0.77 on Thursday, hitting $27.34. 1,469,846 shares of the company’s stock traded hands, compared to its average volume of 8,228,181. The firm’s 50-day moving average price is $27.19 and its two-hundred day moving average price is $32.34. The stock has a market capitalization of $11.35 billion, a PE ratio of 56.64, a price-to-earnings-growth ratio of 1.59 and a beta of 1.60. Chewy has a one year low of $22.74 and a one year high of $48.62.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the completion of the transaction, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Chewy by 295.9% in the 3rd quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock valued at $712,841,000 after purchasing an additional 13,171,325 shares during the period. Viking Global Investors LP raised its holdings in Chewy by 146.9% during the 4th quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock worth $447,386,000 after buying an additional 8,052,955 shares during the period. AQR Capital Management LLC lifted its stake in Chewy by 120.2% in the third quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock valued at $407,948,000 after buying an additional 5,564,803 shares in the last quarter. Norges Bank bought a new position in Chewy in the fourth quarter valued at approximately $154,647,000. Finally, State Street Corp boosted its holdings in shares of Chewy by 75.5% in the second quarter. State Street Corp now owns 6,170,197 shares of the company’s stock valued at $262,974,000 after buying an additional 2,654,496 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Company guidance and AI-driven cost savings: Chewy guided 2026 net sales to as much as $13.60–$13.75B and flagged AI-related cost savings and vet-care expansion as drivers of margin upside — a main reason the stock jumped. Chewy (CHWY) Stock Soars 13% on Strong 2026 Revenue Outlook and AI Cost Savings
• Positive Sentiment: Q4 results and profitability momentum: Chewy reported Q4 revenue near expectations, higher profitability metrics and improving free cash flow/EBITDA margins — these fundamentals supported the rally and lifted investor sentiment. Chewy Stock Surges On Strong Q4 Results And Guidance
• Positive Sentiment: Management tone and media coverage: CEO Sumit Singh’s bullish interview and company commentary that pet ownership trends remain resilient helped strengthen conviction around the outlook. Chewy CEO: Consumers are ‘highly engaged’ even as inflation squeezes budgets
• Neutral Sentiment: Analyst reactions mixed: Some firms (e.g., TD Cowen, Citigroup) remain constructive, while others reiterated Hold/Neutral ratings — Needham reiterated a Hold today. These notes temper enthusiasm but don’t negate the positive reaction. Chewy: Solid Execution and Margin Upside… Needham Hold
• Neutral Sentiment: Unusually large options and buy-side positioning: Heavy call-option activity and institutional repositioning amplified the move around earnings day, which can increase intraday volatility. Chewy jumps 15% as investors position for fiscal Q4 and full-year results
• Negative Sentiment: Analyst price‑target cut and Hold reiterations: BNP Paribas Exane reaffirmed Neutral and cut its PT to $28 (from $38), signaling skepticism on upside from current levels despite the guidance. BNP Paribas Exane Cuts Price Target
• Negative Sentiment: Insider selling and recent 52-week lows: Recent insider sales and the stock’s earlier slide to new 52‑week lows highlight lingering investor caution and execution risk if macro or competitive pressure reappears. Chewy stock hits 52-week low

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.