JPMorgan Chase & Co. Issues Pessimistic Forecast for Chewy (NYSE:CHWY) Stock Price

Posted by Tammy Falkenburg on Jun 11th, 2026

Chewy (NYSE:CHWY – Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $35.00 to $29.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 54.43% from the stock’s current price.

A number of other research firms have also recently issued reports on CHWY. The Goldman Sachs Group lowered their target price on Chewy from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Citigroup reiterated a “market outperform” rating on shares of Chewy in a report on Thursday. Raymond James Financial restated a “buy” rating on shares of Chewy in a research note on Wednesday. Morgan Stanley reduced their price objective on shares of Chewy from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, BNP Paribas Exane restated a “neutral” rating and set a $28.00 price objective (down from $38.00) on shares of Chewy in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

View Our Latest Stock Analysis on Chewy

Chewy Price Performance

CHWY stock traded down $1.20 during trading hours on Thursday, reaching $18.78. 8,581,427 shares of the stock were exchanged, compared to its average volume of 8,472,137. The firm’s 50-day moving average is $23.80 and its 200-day moving average is $27.62. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 0.91 and a beta of 1.44. Chewy has a 12 month low of $18.38 and a 12 month high of $43.84.

Chewy (NYSE:CHWY – Get Free Report) last released its earnings results on Wednesday, June 10th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.19. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. As a group, equities research analysts forecast that Chewy will post 0.87 earnings per share for the current year.

Insider Activity

In related news, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 4,220 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $25.60, for a total transaction of $108,032.00. Following the completion of the sale, the chief executive officer owned 123,955 shares of the company’s stock, valued at $3,173,248. This trade represents a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 95,675 shares of company stock valued at $2,459,955 over the last quarter. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chewy

Hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC raised its position in shares of Chewy by 306.3% in the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 637 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after buying an additional 407 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy in the second quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Chewy in the fourth quarter valued at approximately $31,000. Finally, Modus Advisors LLC acquired a new stake in shares of Chewy in the fourth quarter valued at approximately $34,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy News Roundup

Here are the key news stories impacting Chewy this week:

Positive Sentiment: Chewy continues to show healthy profitability and operational execution, with Q1 sales growth, margin expansion, and record profitability reinforcing the long-term bull case. Chewy beats profit estimates as revenue grows 7.7%
Positive Sentiment: The acquisition of Modern Animal expands Chewy Vet Care and strengthens the company’s push into a unified pet-health ecosystem spanning clinics, pharmacy, and digital services. Chewy Expands Vet Clinics To Build Unified Omnichannel Pet Health Platform
Neutral Sentiment: Several analysts still maintain constructive ratings, including Buy/Outperform views, even as they lowered price targets after the guidance cut. These Analysts Cut Their Forecasts On Chewy Following Q1 Earnings
Neutral Sentiment: Chewy outlined fiscal 2026 net sales of $13.40 billion to $13.55 billion and said it still expects to keep net leverage below 2x adjusted EBITDA, signaling a focus on balance-sheet discipline. Chewy outlines fiscal 2026 net sales of $13.40B-$13.55B while targeting net leverage below 2x adjusted EBITDA
Negative Sentiment: Wall Street is focusing on slowing growth and weaker consumer trends, which is why MoffettNathanson downgraded Chewy to Neutral and cut its target sharply. MoffettNathanson cuts Chewy to neutral as growth slows, target slashed
Negative Sentiment: RBC also warned that Chewy’s muted growth outlook limits near-term catalysts, while multiple other firms trimmed price targets after the Q1 report. Chewy’s Muted Growth Outlook Limits Near-Term Catalysts, RBC Says
Negative Sentiment: Management also cut full-year sales guidance, citing softer pet spending and a more stretched consumer, which is weighing on the stock today. Chewy Cuts FY Outlook Despite Higher Sales, Profit

Chewy Company Profile

(Get Free Report)

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.