Chewy Inc (NYSE: CHWY) is trading lower Wednesday after the company reported worse-than-expected top-line financial results.
Chewy said fourth-quarter revenue increased 17% year-over-year to $2.39 billion, which came in below the $2.42 billion estimate. The company reported a quarterly net loss of $63.6 million.
Analyst Assessment: Several analyst firms lowered price targets on the stock following Chewy's quarterly results.
- RBC Capital analyst Steven Shemesh maintained Chewy with an Outperform rating and lowered the price target from $77 to $73.
- Barclays (LON:BARC) analyst Trevor Young maintained Chewy with an Equal-Weight rating and lowered the price target from $43 to $41.
- Citigroup (NYSE:C) analyst Steven Zaccone maintained Chewy with a Neutral rating and lowered the price target from $48 to $45.
- Morgan Stanley (NYSE:MS) maintained Chewy with an Equal-Weight rating and lowered the price target from $68 to $62.
- Wedbush analyst Seth Basham maintained Chewy with a Neutral rating and lowered the price target from $55 to $45.
- Jefferies analyst Stephanie Wissink maintained Chewy with a Buy rating and lowered the price target from $90 to $60.
The stock was down 14.1% at $43.82 at time of publication, according to data from Benzinga Pro.
Photo: mattycoulton from Pixabay.
Latest Ratings for CHWY
Mar 2022 | Deutsche Bank (DE:DBKGn) | Initiates Coverage On | Buy | |
Jan 2022 | RBC Capital | Initiates Coverage On | Outperform | |
Jan 2022 | Piper Sandler | Downgrades | Overweight | Neutral |
View the Latest Analyst Ratings
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