CHWY

Chewy Inc

Add to Watchlist

Advanced Chart

35.950

-0.27(-0.745%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

36.520

Open

36.370

VWAP

35.94

Vol

4.48M

Mkt Cap

14.84B

Low

35.650

Amount

161.06M

EV/EBITDA(TTM)

55.66

Total Shares

435.91M

14.34B

EV/OCF(TTM)

23.86

P/S(TTM)

1.28

Chewy, Inc. is an e-commerce business geared toward pet products and services. The Company’s products consist of pet food and treats, pet supplies and pet medications, other pet-health products, and pet services. It serves its customers through its retail websites, and its mobile applications and focuses on delivering customer service, competitive prices, convenience, including Chewy’s Autoship subscription program, and a range of pet food, treats and supplies, and pet healthcare products and services. It partners with approximately 3,200 of the brands in the pet industry, and it creates and offers its own private brands. It owns a number of trademark registrations and applications in the United States and in foreign jurisdictions. These trademarks include American Journey, Blue Box Event, Careplus, Chewy, Chewy.com, Chewy Vet Care, Dr. Lyon’s, Frisco, Goody Box, Onguard, PetMD, PracticeHub, Tiny Tiger, True Acre Farms, Tylee’s, Vibeful, and The Zoo.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q4

FY2026Q3

FY2026Q2

3.23B

-0.64%

0.290

+3.62%

3.04B

+5.76%

0.303

+51.4%

3.08B

+7.75%

0.328

+36.83%

Estimates Revision

The market is revising Upward the revenue expectations for Chewy, Inc. (CHWY) for FY2026, with the revenue forecasts being adjusted by 0.71% over the past three months. During the same period, the stock price has changed by -1.15%.

Revenue Estimates for FY2026

Revise Upward

+0.71%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+3.46%

In Past 3 Month

Stock Price

Go Down

-1.15%

In Past 3 Month

23 Analyst Rating

31.29% Upside

Wall Street analysts forecast CHWY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHWY is 47.20 USD with a low forecast of 38.00 USD and a high forecast of 53.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

17 Buy

6 Hold

0 Sell

Moderate Buy

31.29% Upside

Current: 35.950

Low

38.00

Averages

47.20

High

53.00

31.29% Upside

Current: 35.950

Low

38.00

Averages

47.20

High

53.00

Citizens JMP

Outperform

maintain

$39 -> $48

2025-07-10

Reason

Citizens JMP

Price Target

$39 -> $48

2025-07-10

maintain

Outperform

Reason

Citizens JMP raised the firm's price target on Chewy to $48 from $39 and keeps an Outperform rating on the shares. The trend of increasing pet humanization will unlock more pet spend looking ahead, the analyst tells investors in a research note. The firm sees a path to better-than-expected profitability growth with autoship creating revenue visibility and a clear path to higher margins as advertising has room to ramp.

Morgan Stanley

Overweight

upgrade

$68 -> $75

2025-06-24

Reason

Morgan Stanley

Price Target

$68 -> $75

2025-06-24

upgrade

Overweight

Reason

Morgan Stanley makes Chewy the analyst's "Top Pick" and raised the firm's bull case following a deep dive on the vet clinic opportunity, which shows "an underpriced call option on an already compelling story." Chewy launched its first vet clinic last year and clinics should prove to be a strong standalone segment with "compelling 4-wall unit economics," the analyst tells investors. With clinics adding another growth vector to "an already compelling customer growth and margin story," the firm raised its bull case valuation from $68 to $75 as it builds in a successful clinic ramp. The firm has an Overweight rating and $50 price target on Chewy shares.

TD Cowen

William Kerr

Buy

downgrade

$52 -> $50

2025-06-12

Reason

TD Cowen

William Kerr

Price Target

$52 -> $50

2025-06-12

downgrade

Buy

Reason

TD Cowen analyst William Kerr lowered the firm's price target on Chewy to $50 from $52 and keeps a Buy rating on the shares. The company's Q1 results beat consensus for both revenue and EBITDA, driven by Active Customer growth and non-GAAP operating leverage, despite a slight gross margin miss, the analyst tells investors in a research note. The firm says the Q2 revenue guide was 2% above consensus, while management reiterated the fiscal 2025 outlook. The stock dropped 11% post earnings, driven by elevated buy-side expectations and the lower than expected gross margin, TD contends. It reduced forecasts but reiterates a Buy rating on Chewy.

Citi

Steven Zaccone

Buy

maintain

$42 -> $49

2025-06-12

Reason

Citi

Steven Zaccone

Price Target

$42 -> $49

2025-06-12

maintain

Buy

Reason

Citi analyst Steven Zaccone raised the firm's price target on Chewy to $49 from $42 and keeps a Buy rating on the shares. The post-earnings weakness in Chewy shares present an attractive buying opportunity, the analyst tells investors in a research note. The firm says that despite a headline Q1 sales and EBITDA beat, the slight gross margin miss, higher than expected spending, and lack of a guidance raise were the reasons for the stock pullback. "That's all in the rear-view mirror now," contends Citi. The firm believes Chewy's fundamental growth and margin expansion story "is well intact," with the sales outlook improving based on strong active customer growth. The company remains a market share gainer in the "resilient "pet category, and industry demand normalization should be an incremental growth driver, contends Citi.

JPMorgan

Doug Anmuth

Overweight

maintain

$36 -> $47

2025-06-12

Reason

JPMorgan

Doug Anmuth

Price Target

$36 -> $47

2025-06-12

maintain

Overweight

Reason

JPMorgan analyst Doug Anmuth raised the firm's price target on Chewy to $47 from $36 and keeps an Overweight rating on the shares post the Q1 report. The company "continues to deliver across the entire user funnel," the analyst tells investors in a research note. The firm remains bullish on Chewy's continued execution, active customer growth, and profitability ramp. It believes the share pullback post earnings is overdone. The company's full year guidance could prove conservative, adds JPMorgan.

Guggenheim

Buy

maintain

$42 -> $45

2025-06-12

Reason

Guggenheim

Price Target

$42 -> $45

2025-06-12

maintain

Buy

Reason

Guggenheim raised the firm's price target on Chewy to $45 from $42 and keeps a Buy rating on the shares. Q2 operating results were "net constructive," the analyst tells investors, highlighting that active customer growth meaningfully exceeded the firm's expectations, the ramp in sponsored ads plus favorable mix dynamics should continue to support healthy gross margin expansion, and the 2025 EBITDA margin profile.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Chewy Inc (CHWY.N) is 27.04, compared to its 5-year average forward P/E of 15.64. For a more detailed relative valuation and DCF analysis to assess Chewy Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

15.64

Current PE

27.04

Overvalued PE

1024.18

Undervalued PE

-992.90

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

110.19

Current EV/EBITDA

20.17

Overvalued EV/EBITDA

230.66

Undervalued EV/EBITDA

-10.29

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.88

Current PS

1.17

Overvalued PS

3.05

Undervalued PS

0.71