Chewy price target raised to $42 from $36 at Guggenheim

Guggenheim analyst Steven Forbes raised the firm’s price target on Chewy (CHWY) to $42 from $36 and keeps a Buy rating on the shares. Look toward Q4 earnings due in late March, the firm has “continued conviction in the shares,” adding that Chewy entered 2025 with “one of the most significant & visible adjusted EBITDA growth profiles across retail.”