Morgan Stanley has adjusted its outlook on Chewy (CHWY, Financial), revising the price target downwards from $40 to $39. Despite this reduction, the investment firm maintains an Overweight rating on the stock, indicating continued confidence in its performance.
The decision to lower the price target comes as part of a broader recalibration of estimates for North American internet stocks. Morgan Stanley's analysis highlights the effects of macroeconomic factors and tariffs on the digital ads and e-commerce sectors. These adjustments reflect challenges that may impact growth within these industries.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Chewy Inc (CHWY, Financial) is $38.90 with a high estimate of $47.00 and a low estimate of $27.00. The average target implies an upside of 11.91% from the current price of $34.76. More detailed estimate data can be found on the Chewy Inc (CHWY) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, Chewy Inc's (CHWY, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Chewy Inc (CHWY, Financial) in one year is $39.29, suggesting a upside of 13.03% from the current price of $34.76. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Chewy Inc (CHWY) Summary page.
