Reported about 1 year ago
Shares of Chewy (CHWY) are trading higher after Jefferies raised its price target on the company from $26 to $31, maintaining a Buy rating. Analysts see sponsored ads and operational improvements as drivers for Chewy's growth, noting signs of scale and better earnings potential without relying solely on pet spending trends. Jefferies also mentions share gains and expects long-term upside at current levels.
Source: YAHOO