CHWY Price Prediction Next Week
Analysis and Insights
News and Fundamental Analysis:
Chewy (CHWY) has shown strong performance recently, driven by positive news and favorable market conditions. The company's CFO highlighted its minimal reliance on Chinese imports, protecting it from tariff risks, and Bank of America maintained a "Buy" rating with a $40 price target. Additionally, the "premiumization" trend in pet products and steady consumer demand contribute to its growth.
Technical Analysis:
The stock is currently trading at $33.03. Key technical indicators include:
- RSI (14): 39.02, indicating the stock is not overbought.
- MACD: Slightly negative, suggesting a bearish signal.
- Stochastic Oscillator: Bullish crossover, indicating potential upside.
- Fibonacci Levels: Resistance at $37.27 and $38.60, with support at $31.60.
Analyst Sentiment:
Analysts maintain a Strong Buy consensus with an average price target of $41.57, suggesting a 12.72% upside potential.
Price Prediction and Recommendation:
Based on the analysis, the stock is expected to rise in the next trading week. The predicted price range is between $34 and $36.
Recommendation: Buy Chewy (CHWY) as the bullish trends and positive news suggest upward momentum.
CHWY Similar Chart Price Prediction
The price of CHWY is predicted to go up 20.93%, based on the high correlation periods with CENTA. The similarity of these two price pattern on the periods is 93.94%.
CHWY
CENTA
Up: 20.93%Similarity: 93.94%
CHWY Revenue Forecast
CHWY EPS Forecast
CHWY FAQs
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CHWY VS S&P500
E-commerce penetration should continue to increase in the pet care category, favoring established players like Chewy.
Chewy's subscription-based model (roughly 75% autoship penetration) should help it retain sales volume even as consumers curtail discretionary pet category spending.
With two thirds of Chewy's customer base also boasting Amazon Prime memberships, we suspect that competitive pressure from the e-commerce behemoth could prove less onerous than many expect.
CHWY Analyst's Forecast
Mark Mahaney
Evercore ISI Group
Hold → Buy
2025-01-13
Price Target
$34 → $47
Upside
+30.41%
Evercore ISI upgraded Chewy to Outperform from In Line with a price target of $47, up from $34. The firm cites six reasons, including industry reports, channel checks, and proprietary consumer survey work that suggests that the U.S. pet industry has stabilized after two years of decline; the view of Chewy as "one of the clear Online Pet leaders" with "consistently very impressive Sat Scores,"; a belief that the above two factors are bringing Chewy back into a cycle of sustained net adds growth; a path for consistent and material gross margin expansion; a path for consistent and material EBITDA margin expansion; and an improved free cash flow generation story.
David Bellinger
Mizuho
Hold → Buy
2025-01-06
Price Target
$24 → $42
Upside
+17.45%
Shweta Khajuria
Wolfe Research
Hold → Buy
2025-01-03
Price Target
n/a
Downside
0%
