Mizuho upgraded Chewy (CHWY) to Outperform from Neutral with a price target of $42, up from $24. The firm says Chewy “checks several boxes” on its 2025 “thematic list” of automation, retail media, and secular growth. The pet category will return to steady growth and the company’s internal initiatives will further take hold, the analyst tells investors in a research note. Chewy moves to Mizuho’s top pick overall and within consumer internet. The pet category is beginning to recover into 2025 yielding a return to net active customer growth for Chewy and a subsequent sales reacceleration, contends Mizuho.
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>>
Read More on CHWY:
- Block upgraded, Bumble downgraded: Wall Street’s top analyst calls
- Closing Bell Movers: Resources Connection gains 5% on earnings
- Wolfe upgrades Chewy to Outperform, sees operational efficiency gains
- Chewy upgraded to Outperform from Peer Perform at Wolfe Research
- Chewy CEO sells $19.7M in common stock