Chewy Inc. (CHWY) 'Will Create Multiple Benefits as They Scale' - Citizens

Citizens analyst Andrew Boone reiterated a Market Outperform rating and $48.00 price target on Chewy Inc. (NYSE: CHWY).

The analyst commented, "We believe Chewy Vet Clinics (CVCs) will create multiple benefits as they scale, including a new onramp for customer acquisition, greater share of pet spending, and yet to be seen benefits from bundling Chewy+, insurance, and more. This as CVCs are additive to Chewy's financial profile as they scale. We also believe the core business will likely continue to operate well, and we reiterate our Market Outperform rating and $48 price target."

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 $33.29 yesterday.

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