Jefferies downgrades Chewy on valuation concerns, sees limited upside

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Go back to Jefferies downgrades Chewy on valuation concerns, sees limited upside

Chewy Inc. (CHWY) Falls 3pct, Wolfe Comments Ahead of Wed Earnings: 'Chewy has come in above the high-end of its revenue guide for 8 of the past 12 quarters'

June 9, 2025 12:31 PM EDT

Wolfe Research analyst Shweta Khajuria reiterated an Outperform rating and $42.00 price target on Chewy Inc. (NYSE: CHWY).

The analyst comments "We upgraded CHWY shares at the turn of this year while making it one of our top picks. While the call... More