On Dec 06, major Wall Street analysts update their ratings for $Chewy (CHWY.US)$, with price targets ranging from $34 to $42.
Morgan Stanley analyst Nathan Feather maintains with a buy rating, and adjusts the target price from $36 to $38.
Goldman Sachs analyst Alexandra Steiger maintains with a buy rating, and sets the target price at $40.
Citi analyst Steven Zaccone maintains with a buy rating, and maintains the target price at $40.
Barclays analyst Trevor Young maintains with a buy rating, and maintains the target price at $40.
Jefferies analyst Kaumil Gajrawala maintains with a buy rating, and adjusts the target price from $33 to $40.
Furthermore, according to the comprehensive report, the opinions of $Chewy (CHWY.US)$'s main analysts recently are as follows:
Following Chewy's Q3 earnings, the company's product enhancements and solid execution, coupled with improving industry trends, contribute to better active customer growth and meaningful profitability improvements.
The company's Q4 implied margins were slightly below investor expectations, primarily because management decided to increase ad spending to expand its active customer base. Consequently, revenue forecasts for FY24 have been adjusted upwards.
Profitability trends continue to show notable improvement. However, sustained growth in both customer base and revenue streams will be essential for any significant appreciation in share price moving forward.
The firm pointed out that Chewy's third-quarter results surpassed consensus estimates for both revenue and EBITDA, attributed to robust Autoship customer sales, solid gross margins, and operating leverage. However, the guidance for the fourth quarter was mixed, with revenue forecasts slightly exceeding expectations while the projected EBITDA for the same period was slightly below anticipated levels.
Chewy's Q3 operating results broadly exceeded expectations, marked by a 0.8% increase in active customers quarter-over-quarter, representing the strongest performance since the fourth quarter of 2021. This positive momentum is seen as setting the stage for a likely return of positive year-over-year growth in Q4.
Here are the latest investment ratings and price targets for $Chewy (CHWY.US)$ from 12 analysts:
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美東時間12月6日，多家華爾街大行更新了$Chewy (CHWY.US)$的評級，目標價介於34美元至42美元。
摩根士丹利分析師Nathan Feather維持買入評級，並將目標價從36美元上調至38美元。
高盛集團分析師Alexandra Steiger維持買入評級，目標價40美元。
花旗分析師Steven Zaccone維持買入評級，維持目標價40美元。
巴克萊銀行分析師Trevor Young維持買入評級，維持目標價40美元。
富瑞集團分析師Kaumil Gajrawala維持買入評級，並將目標價從33美元上調至40美元。
此外，綜合報道，$Chewy (CHWY.US)$近期主要分析師觀點如下：
在 Chewy 的第三季度收入發佈之後，公司的產品升級和紮實執行，結合行業趨勢的改善，有助於提升活躍客戶增長和盈利能力的顯著改善。
由於管理層決定增加廣告支出以擴大活躍客戶基礎，導致公司第四季度暗示的利潤率略低於投資者的預期。因此，FY24年的營業收入預測已經上調。
盈利能力趨勢繼續顯示顯着改善。然而，持續增長的客戶群和營收渠道對於未來股價的顯著增長至關重要。
公司指出，Chewy 第三季度的業績超過了營收和EBITDA的共識預期，歸因於強勁的Autoship客戶銷售、穩固的毛利率和運營槓桿優勢。然而，第四季度的指引褒貶不一，營收預期略高於預期，而同期預計的EBITDA則略低於預期水平。
Chewy 的第三季度運營業績大幅超出預期，活躍客戶季度環比增長0.8%，創下自2021年第四季度以來最強勁的表現。這種積極的勢頭被視爲爲第四季度可能出現正面同比增長打下基礎。
以下爲今日12位分析師對$Chewy (CHWY.US)$的最新投資評級及目標價：
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