Chewy (CHWY) Stock Forecast, Price Target & Predictions

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CHWY Stock Forecast

Chewy stock forecast is as follows: an average price target of $40.04 (represents a 21.55% upside from CHWY’s last price of $32.94) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.

CHWY Price Target

The average price target for Chewy (CHWY) is $40.04 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $121.00 to $19.00. This represents a potential 21.55% upside from CHWY's last price of $32.94.

CHWY Analyst Ratings

Buy

According to 20 Wall Street analysts, Chewy's rating consensus is 'Buy'. The analyst rating breakdown for CHWY stock is 0 'Strong Buy' (0.00%), 15 'Buy' (75.00%), 5 'Hold' (25.00%), 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
Oct 09, 2024	Bill Kerr	Citigroup	$38.00	$30.15	26.04%	15.36%
Sep 20, 2024	Anna Andreeva	Piper Sandler	$35.00	$29.61	18.20%	6.25%
Aug 29, 2024	Steven Shemesh	RBC Capital	$32.00	$29.46	8.62%	-2.85%
Aug 29, 2024	Nathan Feather	Morgan Stanley	$33.00	$29.42	12.17%	0.18%
Aug 29, 2024	Michael Lasser	UBS	$30.00	$28.72	4.46%	-8.93%
Aug 26, 2024	Lauren Schenk	Morgan Stanley	$30.00	$26.46	13.38%	-8.93%
Aug 16, 2024	Curtis Nagle	Bank of America Securities	$20.00	$26.48	-24.47%	-39.28%
Jun 28, 2024	Steven Forbes	Guggenheim	$32.00	$29.05	10.15%	-2.85%
Jun 25, 2024	Kaumil Gajrawala	Jefferies	$31.00	$26.95	15.03%	-5.89%
May 30, 2024	Mark Mahaney	Evercore ISI	$22.00	$21.54	2.14%	-33.21%

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The latest Chewy stock forecast, released on Oct 09, 2024 by Bill Kerr from Citigroup, set a price target of $38.00, which represents a 26.04% increase from the stock price at the time of the forecast ($30.15), and a 15.36% increase from CHWY last price ($32.94).

Chewy Price Target by Period

	1M	3M	12M
# Anlaysts	-	6	30
Avg Price Target	-	$33.00	$26.00
Last Closing Price	$32.94	$32.94	$32.94
Upside/Downside	-100.00%	0.18%	-21.07%

In the current month, the average price target of Chewy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Chewy's last price of $32.94. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 08, 2024	Citigroup	Neutral	Buy	Upgrade
Oct 23, 2024	Needham	Buy	Hold	Initialise
Oct 09, 2024	Cowen & Co.	-	Buy	Initialise
Sep 27, 2024	Morgan Stanley	Overweight	Overweight	Hold
Sep 20, 2024	Wedbush	Buy	Buy	Hold
Sep 20, 2024	Piper Sandler	Overweight	Overweight	Hold
Sep 09, 2024	Goldman Sachs	Buy	Buy	Hold
Aug 29, 2024	RBC Capital	Outperform	Outperform	Hold
Aug 29, 2024	UBS	Neutral	Neutral	Hold
Aug 29, 2024	Barclays	Overweight	Overweight	Hold

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Chewy's last stock rating was published by Citigroup on Nov 08, 2024. The company Upgrade its CHWY rating from "Neutral" to "Buy".

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	$3.47B	$3.30B	$3.20B	$3.24B	$3.16B	$3.03B	$3.03B	$3.05B	$3.15B	$2.86B	$2.86B	$2.85B	$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	$3.52B	$3.34B	$3.24B	$3.28B	$3.20B	$3.07B	$3.07B	$3.09B	$3.19B	$2.89B	$2.86B	$2.85B	$2.80B	$2.81B	$2.80B	$2.77B	$2.67B	$2.53B	$2.52B	$2.48B	$2.49B	$2.28B	$2.23B	$2.18B	$2.02B	$1.77B	$1.69B	$1.58B	$1.39B	$1.24B
Low Forecast	$3.42B	$3.25B	$3.15B	$3.19B	$3.11B	$2.99B	$2.98B	$3.00B	$3.10B	$2.85B	$2.86B	$2.85B	$2.80B	$2.74B	$2.72B	$2.69B	$2.60B	$2.42B	$2.41B	$2.37B	$2.38B	$2.18B	$2.13B	$2.09B	$1.93B	$1.70B	$1.61B	$1.51B	$1.32B	$1.18B
# Analysts	12	7	7	7	7	6	6	6	15	16	8	11	12	15	7	7	7	6	6	6	6	12	12	12	12	7	7	7	7	6
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 12 analysts is $2.80B, with a low forecast of $2.80B, and a high forecast of $2.80B. 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	12	7	7	7	7	6	6	6	15	16	8	11	12	15	7	7	7	6	6	6	6	12	12	12	12	7	7	7	7	6
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$-10.16M	$19.70M	$61.81M	$38.33M	$22.58M	$41.99M	-	$-47.16M	$-17.90M	-	-	$32.11M	-	-	-	-	-
Avg Forecast	$-18.95M	$-18.00M	$-17.43M	$-17.66M	$-17.24M	$-16.54M	$-16.53M	$-16.62M	$-17.20M	$-15.58M	$-15.59M	$-42.52M	$-15.25M	$-15.01M	$-15.06M	$-33.62M	$-21.66M	$-15.38M	$-15.33M	$-26.57M	$-15.18M	$-13.86M	$-13.58M	$72.26M	$-12.31M	$-10.80M	$-10.28M	$-59.63M	$-8.44M	$-51.41M
High Forecast	$-18.66M	$-17.73M	$-17.17M	$-17.39M	$-16.98M	$-16.29M	$-16.28M	$-16.37M	$-16.92M	$-15.52M	$-15.59M	$-34.02M	$-15.25M	$-14.96M	$-14.84M	$-26.89M	$-17.33M	$-15.14M	$-15.09M	$-21.26M	$-14.94M	$-13.63M	$-13.37M	$86.71M	$-12.12M	$-10.63M	$-10.11M	$-47.70M	$-8.30M	$-41.12M
Low Forecast	$-19.19M	$-18.23M	$-17.66M	$-17.89M	$-17.46M	$-16.75M	$-16.75M	$-16.83M	$-17.41M	$-15.74M	$-15.59M	$-51.03M	$-15.25M	$-15.34M	$-15.26M	$-40.34M	$-26.00M	$-15.84M	$-15.79M	$-31.89M	$-15.63M	$-14.27M	$-13.99M	$57.81M	$-12.68M	$-11.12M	$-10.58M	$-71.56M	$-8.68M	$-61.69M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.68%	-1.31%	-1.84%	-1.77%	-1.47%	-2.74%	-	3.11%	1.29%	-	-	-2.61%	-	-	-	-	-

15 analysts predict CHWY's average Quarter EBITDA for Oct 23 to be $-15.01M, with a high of $-14.96M and a low of $-15.34M. This is -176.21% 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	12	7	7	7	7	6	6	6	15	16	8	11	12	15	7	7	7	6	6	6	6	12	12	12	12	7	7	7	7	6
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$-35.81M	$18.95M	$22.18M	$6.10M	$5.06M	$22.34M	-	$-64.03M	$-32.55M	-	-	$21.05M	-	-	-	-	-
Avg Forecast	-	-	-	-	$45.33M	$42.21M	$51.98M	$66.78M	$25.12M	$24.67M	$8.69M	$-57.35M	$-16.22M	$-25.60M	$-20.34M	$-45.34M	$-39.01M	$-35.69M	$-50.51M	$-35.84M	$-28.84M	$-15.02M	$-6.87M	$47.36M	$-42.23M	$-60.49M	$-76.01M	$-68.11M	$-70.08M	$-56.61M
High Forecast	-	-	-	-	$46.10M	$42.92M	$52.86M	$67.92M	$31.67M	$28.96M	$8.83M	$-45.88M	$-15.90M	$-14.22M	$-19.94M	$-36.27M	$-31.21M	$-34.95M	$-49.45M	$-28.67M	$-28.23M	$-14.71M	$-6.73M	$56.83M	$-41.34M	$-59.22M	$-74.42M	$-54.49M	$-68.61M	$-45.29M
Low Forecast	-	-	-	-	$44.44M	$41.38M	$50.95M	$65.47M	$22.93M	$22.52M	$8.52M	$-68.82M	$-16.50M	$-28.45M	$-20.68M	$-54.40M	$-46.81M	$-37.06M	$-52.45M	$-43.01M	$-29.95M	$-15.60M	$-7.14M	$37.89M	$-43.85M	$-62.81M	$-78.93M	$-81.73M	$-72.77M	$-67.94M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.40%	-0.93%	-0.49%	-0.16%	-0.14%	-0.44%	-	2.22%	2.17%	-	-	-0.50%	-	-	-	-	-

Chewy's average Quarter net income forecast for Oct 23 is $-25.60M, with a range of $-28.45M to $-14.22M. CHWY's average Quarter net income forecast represents a -235.13% 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	12	7	7	7	7	6	6	6	15	16	8	11	12	15	7	7	7	6	6	6	6	12	12	12	12	7	7	7	7	6
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$611.72M	$804.69M	$767.40M	$744.39M	$720.61M	$661.14M	-	$668.70M	$616.77M	-	-	$532.58M	-	-	-	-	-
Avg Forecast	$966.37M	$918.05M	$889.13M	$900.86M	$879.37M	$843.49M	$843.17M	$847.64M	$877.15M	$794.49M	$795.25M	$602.89M	$777.84M	$765.75M	$768.37M	$476.59M	$746.29M	$677.26M	$675.02M	$376.75M	$668.43M	$610.01M	$598.05M	$1.20B	$542.12M	$475.49M	$452.51M	$432.25M	$371.35M	$242.73M
High Forecast	$978.98M	$930.04M	$900.74M	$912.63M	$890.85M	$854.50M	$854.18M	$858.71M	$888.21M	$802.82M	$795.44M	$723.46M	$777.84M	$782.40M	$778.40M	$571.91M	$895.55M	$697.24M	$694.96M	$452.10M	$688.16M	$628.03M	$615.71M	$1.44B	$558.12M	$489.53M	$465.88M	$518.70M	$382.32M	$291.27M
Low Forecast	$951.73M	$904.15M	$875.67M	$887.22M	$866.05M	$830.71M	$830.40M	$834.80M	$863.31M	$791.71M	$795.05M	$482.31M	$777.84M	$762.98M	$756.73M	$381.27M	$597.03M	$666.32M	$664.14M	$301.40M	$657.65M	$600.18M	$588.41M	$958.65M	$533.38M	$467.82M	$445.22M	$345.80M	$365.37M	$194.18M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.80%	1.05%	1.61%	1.00%	1.06%	0.98%	-	1.00%	1.01%	-	-	0.98%	-	-	-	-	-

Chewy's average Quarter SG&A projection for Jan 24 is $777.84M, based on 12 Wall Street analysts, with a range of $777.84M to $777.84M. The forecast indicates a 27.16% 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	12	7	7	7	7	6	6	6	15	16	8	11	12	15	7	7	7	6	6	6	6	12	12	12	12	7	7	7	7	6
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.08	$0.04	$0.05	$0.11	$0.01	$0.05	-	$-0.15	$-0.08	-	-	$0.05	-	-	-	-	-
Avg Forecast	-	-	-	-	$0.10	$0.10	$0.12	$0.15	$0.06	$0.06	$0.02	$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	-	-	-	-	$0.11	$0.10	$0.12	$0.16	$0.07	$0.07	$0.02	$0.04	$-0.04	$-0.03	$-0.05	$-0.04	$-0.11	$-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	-	-	-	-	$0.10	$0.09	$0.12	$0.15	$0.05	$0.05	$0.02	$0.04	$-0.04	$-0.06	$-0.05	$-0.04	$-0.11	$-0.08	$-0.12	$-0.12	$-0.07	$-0.04	$-0.02	$-0.04	$-0.10	$-0.14	$-0.18	$-0.19	$-0.17	$-0.14
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
JMIA	Jumia	$3.72	$9.00	141.94%	Buy
W	Wayfair	$40.75	$93.31	128.98%	Buy
ETSY	Etsy	$50.41	$101.26	100.87%	Hold
JD	JD	$35.19	$69.13	96.45%	Buy
OSTK	Beyond	$16.78	$30.00	78.78%	Buy
BABA	Alibaba Group	$87.11	$153.02	75.66%	Buy
SE	Sea	$113.68	$159.73	40.51%	Buy
PDD	PDD	$117.68	$159.20	35.28%	Buy
VIPS	Vipshop	$13.26	$16.17	21.95%	Hold
CHWY	Chewy	$32.94	$40.04	21.55%	Buy
GLBE	Global-e Online	$42.74	$51.88	21.39%	Buy
MELI	MercadoLibre	$1.92K	$1.99K	3.57%	Buy

CHWY Forecast FAQ

Is Chewy a good buy?

Yes, according to 20 Wall Street analysts, Chewy (CHWY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 15 'Buy' recommendations, accounting for 75.00% of CHWY's total ratings.

What is CHWY's price target?

Chewy (CHWY) average price target is $40.04 with a range of $19 to $121, implying a 21.55% from its last price of $32.94. The data is based on 20 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 21.55% (from the last price of $32.94 to the average price target of $40.04), up by 267.33% based on the highest stock price target, and down by -42.32% based on the lowest stock price target.

Can Chewy stock reach $50?

CHWY's highest twelve months analyst stock price target of $121 supports the claim that Chewy can reach $50 in the near future.

What are Chewy's analysts' financial forecasts?

Chewy's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $12.27B (high $12.43B, low $12.08B), average EBITDA is $-66.923M (high $-65.909M, low $-67.797M), average net income is $206.3M (high $209.8M, low $202.23M), average SG&A $3.41B (high $3.46B, low $3.36B), and average EPS is $0.471 (high $0.479, low $0.462). CHWY's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $13.21B (high $13.38B, low $13.01B), average EBITDA is $-72.035M (high $-70.944M, low $-72.975M), average net income is $0 (high $0, low $0), average SG&A $3.67B (high $3.72B, low $3.62B), 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 $-78.94M by -70.07%. The company's net income was $39.58M, missing the average estimation of $-107M by -136.82%. Apple's SG&A was $2.44B, missing the average forecast of $2.79B by -12.40%. 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, missing the average prediction of $-15.012M by -32.34%. Chewy's net income was $-35.81M, beating the average estimation of $-25.602M by 39.87%. The company's SG&A was $611.72M, missing the average forecast of $765.75M by -20.12%. Lastly, the company's EPS was $-0.0831, beating the average prediction of $-0.0585 by 42.13%