Chewy Stock Gets 'Outperform' Rating from Royal Bank Of Canada
Chewy's (NYSE:CHWY) stock price has been reaffirmed as 'outperform' by Royal Bank Of Canada in a recent research report. This rating is based on a target price of $34.00, indicating a potential upside of 37.68% from the stock's previous close. The firm also noted that Chewy's growth engine is stronger than many investors think.
Royal Bank Of Canada is not the only analyst to have expressed optimism about Chewy's prospects. Piper Sandler has reiterated an 'overweight' rating on the stock, while Deutsche Bank Aktiengesellschaft has a 'buy' rating with a target price of $32.00. However, UBS Group has cut its price objective on Chewy from $32.00 to $24.00 and set a 'neutral' rating on the stock.
Chewy's market capitalization is approximately $10.11 billion, with a 52-week low of $17.40 and a 52-week high of $43.50. The firm has a price-to-earnings ratio (P/E) of 41.16 and a beta of 1.42.