On Dec 06, major Wall Street analysts update their ratings for $Chewy (CHWY.US)$, with price targets ranging from $34 to $42.
Morgan Stanley analyst Nathan Feather maintains with a buy rating, and adjusts the target price from $36 to $38.
Goldman Sachs analyst Alexandra Steiger maintains with a buy rating, and sets the target price at $40.
Citi analyst Steven Zaccone maintains with a buy rating, and maintains the target price at $40.
Barclays analyst Trevor Young maintains with a buy rating, and maintains the target price at $40.
Jefferies analyst Kaumil Gajrawala maintains with a buy rating, and adjusts the target price from $33 to $40.
Furthermore, according to the comprehensive report, the opinions of $Chewy (CHWY.US)$'s main analysts recently are as follows:
Following Chewy's Q3 earnings, the company's product enhancements and solid execution, coupled with improving industry trends, contribute to better active customer growth and meaningful profitability improvements.
The company's Q4 implied margins were slightly below investor expectations, primarily because management decided to increase ad spending to expand its active customer base. Consequently, revenue forecasts for FY24 have been adjusted upwards.
Profitability trends continue to show notable improvement. However, sustained growth in both customer base and revenue streams will be essential for any significant appreciation in share price moving forward.
The firm pointed out that Chewy's third-quarter results surpassed consensus estimates for both revenue and EBITDA, attributed to robust Autoship customer sales, solid gross margins, and operating leverage. However, the guidance for the fourth quarter was mixed, with revenue forecasts slightly exceeding expectations while the projected EBITDA for the same period was slightly below anticipated levels.
Chewy's Q3 operating results broadly exceeded expectations, marked by a 0.8% increase in active customers quarter-over-quarter, representing the strongest performance since the fourth quarter of 2021. This positive momentum is seen as setting the stage for a likely return of positive year-over-year growth in Q4.
Here are the latest investment ratings and price targets for $Chewy (CHWY.US)$ from 12 analysts:
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美东时间12月6日，多家华尔街大行更新了$Chewy (CHWY.US)$的评级，目标价介于34美元至42美元。
摩根士丹利分析师Nathan Feather维持买入评级，并将目标价从36美元上调至38美元。
高盛集团分析师Alexandra Steiger维持买入评级，目标价40美元。
花旗分析师Steven Zaccone维持买入评级，维持目标价40美元。
巴克莱银行分析师Trevor Young维持买入评级，维持目标价40美元。
富瑞集团分析师Kaumil Gajrawala维持买入评级，并将目标价从33美元上调至40美元。
此外，综合报道，$Chewy (CHWY.US)$近期主要分析师观点如下：
在 Chewy 的第三季度收入发布之后，公司的产品升级和扎实执行，结合行业趋势的改善，有助于提升活跃客户增长和盈利能力的显著改善。
由于管理层决定增加广告支出以扩大活跃客户基础，导致公司第四季度暗示的利润率略低于投资者的预期。因此，FY24年的营业收入预测已经上调。
盈利能力趋势继续显示显着改善。然而，持续增长的客户群和营收渠道对于未来股价的显著增长至关重要。
公司指出，Chewy 第三季度的业绩超过了营收和EBITDA的共识预期，归因于强劲的Autoship客户销售、稳固的毛利率和运营杠杆优势。然而，第四季度的指引褒贬不一，营收预期略高于预期，而同期预计的EBITDA则略低于预期水平。
Chewy 的第三季度运营业绩大幅超出预期，活跃客户季度环比增长0.8%，创下自2021年第四季度以来最强劲的表现。这种积极的势头被视为为第四季度可能出现正面同比增长打下基础。
以下为今日12位分析师对$Chewy (CHWY.US)$的最新投资评级及目标价：
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