Chewy (CHWY) Stock Forecast, Price Target & Predictions
CHWY Stock Forecast
Chewy stock forecast is as follows: an average price target of $45.79 (represents a 185.47% upside from CHWY’s last price of $16.04) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
CHWY Price Target
The average price target for Chewy (CHWY) is $45.79 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $133.00 to $16.00. This represents a potential 185.47% upside from CHWY's last price of $16.04.
CHWY Analyst Ratings
According to 17 Wall Street analysts, Chewy's rating consensus is 'Buy'. The analyst rating breakdown for CHWY stock is 0 'Strong Buy' (0.00%), 15 'Buy' (88.24%), 2 'Hold' (11.76%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Chewy Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 23, 2024 | Peter Keith | Piper Sandler | $16.00 | $15.70 | 1.91% | -0.25% |
| Mar 22, 2024 | Steven Shemesh | RBC Capital | $22.00 | $16.62 | 32.37% | 37.16% |
| Mar 21, 2024 | Seth Basham | Wedbush | $25.00 | $16.63 | 50.38% | 55.86% |
| Mar 21, 2024 | Anna Andreeva | Needham | $25.00 | $16.63 | 50.38% | 55.86% |
| Mar 21, 2024 | Nicholas Jones | JMP Securities | $26.00 | $15.92 | 63.32% | 62.09% |
| Mar 21, 2024 | Kaumil Gajrawala | Jefferies | $25.00 | $15.92 | 57.04% | 55.86% |
| Mar 21, 2024 | Peter Keith | Piper Sandler | $19.00 | $15.92 | 19.35% | 18.45% |
| Mar 21, 2024 | Michael Morton | MoffettNathanson | $18.00 | $15.92 | 13.07% | 12.22% |
| Mar 21, 2024 | Leo Horowitz | Deutsche Bank | $18.00 | $15.92 | 13.07% | 12.22% |
| Mar 21, 2024 | Alexandra Steiger | Goldman Sachs | $32.00 | $15.92 | 101.01% | 99.50% |
The latest Chewy stock forecast, released on Apr 23, 2024 by Peter Keith from Piper Sandler, set a price target of $16.00, which represents a 1.91% increase from the stock price at the time of the forecast ($15.70), and a -0.25% decrease from CHWY last price ($16.04).
Chewy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 10 | 16 |
| Avg Price Target | $16.00 | $22.60 | $26.56 |
| Last Closing Price | $16.04 | $16.04 | $16.04 |
| Upside/Downside | -0.25% | 40.90% | 65.59% |
In the current month, the average price target of Chewy stock is $16.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -0.25% decrease as opposed to Chewy's last price of $16.04. This month's average price target is down -29.20% compared to last quarter, and down -39.76% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 23, 2024 | Wedbush | Buy | Buy | Hold |
| Apr 23, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Mar 21, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Mar 08, 2024 | Needham | Buy | Buy | Hold |
| Jan 11, 2024 | Wedbush | Buy | Buy | Hold |
| Jan 11, 2024 | Barclays | Equal-Weight | Overweight | Upgrade |
| Dec 19, 2023 | Jefferies | - | Buy | Initialise |
| Dec 08, 2023 | Piper Sandler | Neutral | Neutral | Hold |
| Dec 08, 2023 | RBC Capital | Outperform | Outperform | Hold |
| Dec 07, 2023 | Needham | Buy | Buy | Hold |
Chewy's last stock rating was published by Wedbush on Apr 23, 2024. The company gave CHWY a "Buy" rating, the same as its previous rate.
Chewy Financial Forecast
Chewy Revenue Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.74B | $2.78B | $2.78B | $2.71B | $2.53B | $2.43B | - | $2.39B | $2.21B | - | - | $2.04B | - | - | - | - | - |
| Avg Forecast | $3.43B | $3.51B | $3.45B | $3.34B | $3.18B | $3.12B | $3.11B | $3.05B | $3.06B | $2.89B | $2.88B | $2.89B | $2.80B | $2.75B | $2.76B | $2.73B | $2.64B | $2.46B | $2.45B | $2.41B | $2.42B | $2.21B | $2.17B | $2.12B | $1.97B | $1.72B | $1.64B | $1.53B | $1.35B | $1.20B |
| High Forecast | $3.56B | $3.64B | $3.59B | $3.47B | $3.30B | $3.24B | $3.23B | $3.17B | $3.18B | $3.01B | $3.03B | $3.02B | $2.81B | $2.81B | $2.87B | $2.84B | $2.74B | $2.55B | $2.54B | $2.52B | $2.53B | $2.31B | $2.26B | $2.21B | $2.05B | $1.80B | $1.71B | $1.60B | $1.40B | $1.26B |
| Low Forecast | $3.29B | $3.36B | $3.31B | $3.21B | $3.05B | $2.99B | $2.98B | $2.92B | $2.94B | $2.77B | $2.76B | $2.86B | $2.68B | $2.74B | $2.65B | $2.62B | $2.53B | $2.35B | $2.35B | $2.31B | $2.39B | $2.18B | $2.14B | $2.09B | $1.94B | $1.70B | $1.62B | $1.51B | $1.33B | $1.19B |
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 14 | 8 | 16 | 16 | 16 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 7 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.02% | 1.03% | 1.03% | 0.99% | - | 0.99% | 1.00% | - | - | 1.04% | - | - | - | - | - |
Chewy's average Quarter revenue forecast for Jan 24 based on 16 analysts is $2.80B, with a low forecast of $2.68B, and a high forecast of $2.81B. CHWY's average Quarter revenue forecast represents a 2.08% increase compared to the company's last Quarter revenue of $2.74B (Oct 23).
Chewy EBITDA Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 14 | 8 | 16 | 16 | 16 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 7 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $-10.16M | $19.70M | $61.81M | $38.33M | $22.58M | $41.99M | - | $-47.16M | $-17.90M | - | - | $32.11M | - | - | - | - | - |
| Avg Forecast | $-21.48M | $-21.96M | $-21.62M | $-20.95M | $-19.91M | $-19.55M | $-19.46M | $-19.10M | $-19.19M | $-18.12M | $-18.06M | $-42.52M | $-27.40M | $-6.15M | $69.54M | $-33.62M | $-21.66M | $-4.86M | $74.38M | $-15.12M | $-19.69M | $-3.84M | $225.65M | $72.26M | $34.01M | $-34.13M | $-51.25M | $-59.63M | $-53.31M | $-51.41M |
| High Forecast | $-20.60M | $-21.06M | $-20.73M | $-20.09M | $-19.09M | $-18.75M | $-18.66M | $-18.32M | $-18.40M | $-17.38M | $-17.30M | $-34.02M | $-21.92M | $-4.92M | $83.45M | $-26.89M | $-17.33M | $-3.89M | $89.25M | $-14.50M | $-15.76M | $-3.08M | $270.78M | $86.71M | $40.82M | $-27.30M | $-41.00M | $-47.70M | $-42.65M | $-41.12M |
| Low Forecast | $-22.32M | $-22.82M | $-22.46M | $-21.76M | $-20.68M | $-20.32M | $-20.22M | $-19.85M | $-19.94M | $-18.83M | $-19.01M | $-51.03M | $-32.89M | $-7.38M | $55.63M | $-40.34M | $-26.00M | $-5.84M | $59.50M | $-15.78M | $-23.63M | $-4.61M | $180.52M | $57.81M | $27.21M | $-40.95M | $-61.50M | $-71.56M | $-63.98M | $-61.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.65% | 0.28% | -1.84% | -1.77% | -4.64% | 0.56% | - | 2.39% | 4.66% | - | - | 0.94% | - | - | - | - | - |
15 analysts predict CHWY's average Quarter EBITDA for Oct 23 to be $-6.15M, with a high of $-4.92M and a low of $-7.38M. This is -131.23% lower than Chewy's previous annual EBITDA (Jul 23) of $19.70M.
Chewy Net Income Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 14 | 8 | 16 | 16 | 16 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 7 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-35.81M | $18.95M | $22.18M | $6.10M | $5.06M | $22.34M | - | $-64.03M | $-32.55M | - | - | $21.05M | - | - | - | - | - |
| Avg Forecast | - | - | - | - | $11.76M | $20.23M | $10.35M | $27.85M | $6.03M | $6.27M | $4.50M | $-57.35M | $-49.35M | $-29.37M | $35.53M | $-45.34M | $-39.01M | $-23.22M | $38.00M | $-49.29M | $-35.47M | $-18.35M | $174.24M | $47.36M | $-45.48K | $-44.30M | $-59.84M | $-68.11M | $-59.25M | $-56.61M |
| High Forecast | - | - | - | - | $12.35M | $21.26M | $10.87M | $29.26M | $6.34M | $6.59M | $4.74M | $-45.88M | $-39.48M | $-23.50M | $42.64M | $-36.27M | $-31.21M | $-18.57M | $45.60M | $-46.64M | $-28.37M | $-14.68M | $209.08M | $56.83M | $-36.38K | $-35.44M | $-47.87M | $-54.49M | $-47.40M | $-45.29M |
| Low Forecast | - | - | - | - | $11.13M | $19.16M | $9.80M | $26.37M | $5.71M | $5.94M | $4.03M | $-68.82M | $-59.22M | $-35.25M | $28.42M | $-54.40M | $-46.81M | $-27.86M | $30.40M | $-52.07M | $-42.56M | $-22.03M | $139.39M | $37.89M | $-54.58K | $-53.16M | $-71.81M | $-81.73M | $-71.10M | $-67.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | 0.53% | -0.49% | -0.16% | -0.22% | 0.59% | - | 1.81% | 1.77% | - | - | -462.80% | - | - | - | - | - |
Chewy's average Quarter net income forecast for Oct 23 is $-29.37M, with a range of $-35.25M to $-23.50M. CHWY's average Quarter net income forecast represents a -255.03% decrease compared to the company's last Quarter net income of $18.95M (Jul 23).
Chewy SG&A Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 14 | 8 | 16 | 16 | 16 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 7 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $611.72M | $804.69M | $767.40M | $744.39M | $720.61M | $661.14M | - | $668.70M | $616.77M | - | - | $532.58M | - | - | - | - | - |
| Avg Forecast | $945.77M | $966.80M | $951.67M | $922.13M | $876.34M | $860.82M | $856.69M | $840.95M | $844.72M | $797.85M | $795.04M | $602.89M | $944.06M | $1.07B | $969.95M | $476.59M | $746.29M | $848.31M | $1.04B | $665.73M | $678.45M | $670.60M | $574.41M | $1.20B | $674.12M | $628.60M | $523.62M | $432.25M | $277.92M | $242.73M |
| High Forecast | $982.75M | $1.00B | $988.89M | $958.19M | $910.61M | $894.48M | $890.19M | $873.84M | $877.75M | $829.05M | $836.74M | $723.46M | $1.13B | $1.29B | $1.16B | $571.91M | $895.55M | $1.02B | $1.24B | $694.64M | $814.14M | $804.72M | $599.36M | $1.44B | $808.95M | $754.32M | $628.34M | $518.70M | $333.50M | $291.27M |
| Low Forecast | $907.06M | $927.23M | $912.72M | $884.38M | $840.47M | $825.58M | $821.62M | $806.53M | $810.15M | $765.19M | $761.68M | $482.31M | $755.25M | $858.49M | $775.96M | $381.27M | $597.03M | $678.65M | $829.91M | $638.21M | $542.76M | $536.48M | $565.77M | $958.65M | $539.30M | $502.88M | $418.89M | $345.80M | $222.34M | $194.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.57% | 0.83% | 1.61% | 1.00% | 0.85% | 0.64% | - | 0.99% | 0.92% | - | - | 0.79% | - | - | - | - | - |
Chewy's average Quarter SG&A projection for Jan 24 is $944.06M, based on 16 Wall Street analysts, with a range of $755.25M to $1.13B. The forecast indicates a 54.33% rise compared to CHWY last annual SG&A of $611.72M (Oct 23).
Chewy EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 14 | 8 | 16 | 16 | 16 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 7 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.08 | $0.04 | $0.05 | $0.11 | $0.01 | $0.05 | - | $-0.15 | $-0.08 | - | - | $0.05 | - | - | - | - | - |
| Avg Forecast | - | - | - | - | $0.03 | $0.05 | $0.02 | $0.06 | $0.01 | $0.01 | $0.01 | $0.04 | $-0.04 | $-0.06 | $-0.05 | $-0.04 | $-0.11 | $-0.08 | $-0.12 | $-0.11 | $-0.07 | $-0.03 | $-0.02 | $-0.04 | $-0.10 | $-0.14 | $-0.17 | $-0.18 | $-0.16 | $-0.14 |
| High Forecast | - | - | - | - | $0.03 | $0.05 | $0.03 | $0.07 | $0.01 | $0.02 | $0.01 | $0.05 | $-0.03 | $-0.03 | $-0.04 | $-0.04 | $-0.10 | $-0.08 | $-0.11 | $-0.11 | $-0.06 | $-0.03 | $-0.02 | $-0.03 | $-0.09 | $-0.14 | $-0.17 | $-0.18 | $-0.16 | $-0.14 |
| Low Forecast | - | - | - | - | $0.03 | $0.04 | $0.02 | $0.06 | $0.01 | $0.01 | $0.01 | $0.04 | $-0.05 | $-0.06 | $-0.05 | $-0.04 | $-0.12 | $-0.09 | $-0.12 | $-0.12 | $-0.07 | $-0.04 | $-0.02 | $-0.04 | $-0.10 | $-0.15 | $-0.18 | $-0.19 | $-0.17 | $-0.15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.42% | -0.86% | -1.25% | -0.99% | -0.15% | -0.43% | - | 2.28% | 2.27% | - | - | -0.54% | - | - | - | - | - |
According to 15 Wall Street analysts, Chewy's projected average Quarter EPS for Oct 23 is $-0.06, with a low estimate of $-0.06 and a high estimate of $-0.03. This represents a -246.17% decrease compared to CHWY previous annual EPS of $0.04 (Jul 23).
Chewy Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FTCH | Farfetch | $0.64 | $32.73 | 5014.06% | Buy |
| CHWY | Chewy | $16.04 | $45.79 | 185.47% | Buy |
| SE | Sea | $73.76 | $169.51 | 129.81% | Buy |
| JD | JD | $35.27 | $72.80 | 106.41% | Buy |
| ETSY | Etsy | $63.97 | $120.65 | 88.60% | Buy |
| BABA | Alibaba Group | $88.54 | $164.45 | 85.74% | Buy |
| GLBE | Global-e Online | $29.13 | $53.40 | 83.32% | Buy |
| OSTK | Beyond | $16.78 | $30.00 | 78.78% | Buy |
| W | Wayfair | $67.10 | $102.54 | 52.82% | Buy |
| JMIA | Jumia | $6.77 | $9.00 | 32.94% | - |
| PDD | PDD | $146.19 | $140.49 | -3.90% | Buy |
| VIPS | Vipshop | $17.32 | $16.07 | -7.22% | Buy |
| MELI | MercadoLibre | $1.75K | $1.60K | -8.41% | Buy |
CHWY Forecast FAQ
Is Chewy a good buy?
Yes, according to 17 Wall Street analysts, Chewy (CHWY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 15 'Buy' recommendations, accounting for 88.24% of CHWY's total ratings.
What is CHWY's price target?
Chewy (CHWY) average price target is $45.79 with a range of $16 to $133, implying a 185.47% from its last price of $16.04. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Chewy stock go up soon?
According to Wall Street analysts' prediction for CHWY stock, the company can go up by 185.47% (from the last price of $16.04 to the average price target of $45.79), up by 729.18% based on the highest stock price target, and down by -0.25% based on the lowest stock price target.
Can Chewy stock reach $20?
CHWY's average twelve months analyst stock price target of $45.79 supports the claim that Chewy can reach $20 in the near future.
What is Chewy's current price target trend?
1 Wall Street analyst forecast a $16 price target for Chewy (CHWY) this month, down -0.25% from its last price of $16.04. Compared to the last 3 and 12 months, the average price target increased by 40.90% and increased by 65.59%, respectively.
What are Chewy's analysts' financial forecasts?
Chewy's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $12.45B (high $12.94B, low $11.94B), average EBITDA is $-78.02M (high $-74.827M, low $-81.071M), average net income is $70.18M (high $73.75M, low $66.45M), average SG&A $3.43B (high $3.57B, low $3.29B), and average EPS is $0.162 (high $0.17, low $0.153). CHWY's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $13.73B (high $14.26B, low $13.17B), average EBITDA is $-86.006M (high $-82.486M, low $-89.369M), average net income is $0 (high $0, low $0), average SG&A $3.79B (high $3.93B, low $3.63B), and average EPS is $0 (high $0, low $0).
Did the CHWY's actual financial results beat the analysts' financial forecasts?
Based on Chewy's last annual report (Jan 2024), the company's revenue was $11.15B, beating the average analysts forecast of $11.04B by 0.98%. Apple's EBITDA was $-23.625M, missing the average prediction of $2.37M by -1096.24%. The company's net income was $39.58M, missing the average estimation of $-88.527M by -144.71%. Apple's SG&A was $2.44B, missing the average forecast of $3.46B by -29.48%. Lastly, the company's EPS was $0.0922, missing the average prediction of $-0.182 by -150.71%. In terms of the last quarterly report (Oct 2023), Chewy's revenue was $2.74B, missing the average analysts' forecast of $2.75B by -0.49%. The company's EBITDA was $-10.157M, beating the average prediction of $-6.152M by 65.10%. Chewy's net income was $-35.81M, beating the average estimation of $-29.371M by 21.92%. The company's SG&A was $611.72M, missing the average forecast of $1.07B by -43.00%. Lastly, the company's EPS was $-0.0831, beating the average prediction of $-0.0585 by 42.13%