In a report released today, Doug Anmuth from J.P. Morgan maintained a Buy rating on Chewy (CHWY), with a price target of $43.00. The company’s shares closed last Friday at $33.34.
According to TipRanks.com, Anmuth is a top 100 analyst with an average return of 16.3% and a 64.5% success rate. Anmuth covers the Technology sector, focusing on stocks such as Fiverr International, ANGI Homeservices, and Uber Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chewy with a $39.33 average price target, which is an 11.6% upside from current levels. In a report issued on March 27, Edgewater Research also initiated coverage with a Buy rating on the stock.
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The company has a one-year high of $41.35 and a one-year low of $20.63. Currently, Chewy has an average volume of 2.73M.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHWY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Chewy, Inc. operates as a web-based, pet supplies e-tailer. The company is an online source for a wide variety of pet products, supplies and prescriptions for dogs, cats, fish, birds, small pets, horses, and reptiles. It serves its customers through its retail website, www.chewy.com, and its mobile applications. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.
