BofA Securities analyst Curtis Nagle maintains $Chewy (CHWY.US)$ with a buy rating, and maintains the target price at $40.
According to TipRanks data, the analyst has a success rate of 48.7% and a total average return of -3.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Chewy (CHWY.US)$'s main analysts recently are as follows:
The growing data on pet ownership points to promising developments for future customer acquisitions. The upcoming earnings are expected to showcase widespread momentum throughout the business. However, due to high expectations, the company might need to exceed forecasts significantly to achieve tactical success.
Analysts maintain a positive outlook on Chewy, expressing comfort with the third-quarter sales expectations and predicting a possible increase to adjusted EBITDA estimates based on normal sequential margin seasonality. Looking ahead, it is anticipated that management will adopt a cautious approach to guidance, yet it is likely they could endorse market estimates for the fourth quarter.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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