Guggenheim lowered the firm’s price target on Chewy to $25 from $35 and keeps a Buy rating on the shares after “mixed” Q3 operating results. Despite disinflation trends continuing to pressure end market growth, the firm continues to see potential upside to consensus 2024 adjusted EBITDA estimates, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CHWY:
- Chewy price target lowered to $28 from $43 at JMP Securities
- Chewy (NYSE:CHWY): Weak Q3 Draws Mixed Wall Street Response
- Chewy price target lowered to $19 from $20 at Barclays
- Chewy says Black Friday, Cyber Monday traffic exceeded expectations
- Chewy falls 9% to $17.61 after Q3 results, FY24 revenue guidance cut