Royal Bank Of Canada Issues Positive Forecast for Chewy (NYSE:CHWY) Stock Price

Chewy (NYSE:CHWY) had its price objective lifted by Royal Bank Of Canada from $43.00 to $47.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group reduced their price objective on shares of Chewy from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Morgan Stanley dropped their price target on shares of Chewy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Guggenheim reaffirmed a “buy” rating and issued a $45.00 price target on shares of Chewy in a research note on Thursday, March 26th. Citigroup decreased their price objective on shares of Chewy from $42.00 to $40.00 and set a “buy” rating for the company in a report on Friday. Finally, Wall Street Zen upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Chewy Price Performance

CHWY opened at $25.95 on Monday. Chewy has a 12 month low of $22.74 and a 12 month high of $48.62. The stock has a market cap of $10.77 billion, a P/E ratio of 49.90, a P/E/G ratio of 1.77 and a beta of 1.60. The stock’s 50 day moving average price is $26.77 and its 200 day moving average price is $32.03.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Chewy had a return on equity of 53.48% and a net margin of 1.77%.The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm posted $0.28 EPS. The company’s revenue was up .5% compared to the same quarter last year. Equities analysts anticipate that Chewy will post 0.24 EPS for the current year.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 13,013 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the sale, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at $7,938,476.65. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Quent Capital LLC bought a new stake in shares of Chewy during the 3rd quarter worth $27,000. CoreCap Advisors LLC raised its position in shares of Chewy by 306.3% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 637 shares during the period. Harbour Investments Inc. raised its position in shares of Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after purchasing an additional 407 shares during the period. Osterweis Capital Management Inc. purchased a new stake in shares of Chewy during the second quarter valued at $30,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Chewy during the fourth quarter valued at $31,000. Institutional investors own 93.09% of the company’s stock.

More Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Autoship now represents ~84% of revenues (>$2.7B in Q4), highlighting growing recurring revenue and AI-driven personalization that can stabilize lifetime value and margins. CHWY’s Autoship Hits 84%: Is Recurring Revenue a Key Catalyst? Zacks: CHWY’s Autoship Hits 84%
• Positive Sentiment: Management issued robust fiscal 2026 guidance and the company posted strong quarterly metrics, prompting bullish coverage and articles arguing the stock remains attractive after the pullback. Chewy Shares Climb on Upbeat Outlook, but It’s Not Too Late to Buy the Stock
• Positive Sentiment: Royal Bank of Canada raised its price target to $47 and keeps an “Outperform” rating, implying substantial upside from current levels and signaling some buy-side confidence. Benzinga: RBC Raises Price Target
• Positive Sentiment: Jim Cramer publicly backed Chewy’s quarter on Mad Money, noting the company’s story and execution remain on track — a sentiment that can support retail interest. Jim Cramer Believes: “Chewy (CHWY)’s Story Remains Firmly On Track”
• Positive Sentiment: Several bullish write-ups highlight Chewy as potentially undervalued after a significant drawdown from its highs, citing the company’s expanding recurring revenue and improving unit economics. Down Around 47% From Its High, Should You Buy Chewy Stock Right Now?
• Neutral Sentiment: Chewy is listed among active mid-cap picks in a market roundup — increases visibility but is not news specific to fundamentals. 5 Most Active Mid-Cap Stocks to Invest In
• Negative Sentiment: Citigroup trimmed its price target to $40, a move that tempers some of the bullish analyst momentum and contributes to mixed street sentiment. Citigroup Cuts Chewy Price Target to $40

Chewy Company Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.