Chewy Inc. (CHWY) Estimates Raised Ahead of Earnings - Jefferies

Jefferies analyst Stephanie Wissink reiterated a Buy rating and $105.00 price target on Chewy Inc. (NYSE: CHWY) ahead of expected solid Q1 results while raising Q2 growth above consensus. The analyst's data tracking, vendor checks, and tracked channel patterns indicate upside.

The analyst stated "Q1 beat appears known; guide will be the focus. Incremental value streams are steadily coming into focus - healthcare, marketplace, fulfillment, value-based partnerships. These shift the narrative to sales AND profit, and create the ability to map to much higher EBITDA% than originally perceived."

For an analyst ratings summary and ratings history on Chewy Inc. click here. For more ratings news on Chewy Inc. click here.

Shares of Chewy Inc. closed at $77.77 yesterday.

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