Guggenheim raised the firm’s price target on Chewy (CHWY) to $36 from $34 and keeps a Buy rating on the shares. Chewy’s Q3 operating results “broadly exceed our expectations” as active customers increased 0.8% quarter-over-quarter in “the strongest performance since 4Q 2021,” notes the analyst, who sees this “setting the stage for the likely return of positive year-over-year growth” during Q4.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHWY:
- Chewy price target raised to $37 from $34 at JMP Securities
- Chewy Inc. Reports Strong Third Quarter Growth
- Salesforce up after Q3, GM outlines $5B in China business charges: Morning Buzz
- Morning Movers: Salesforce jumps after Q3, Foot Locker sinks after guidance cut
- CHWY Earnings: Chewy Reports Better-than-Expected Q3 Results