TD Cowen raised the firm’s price target on Chewy (CHWY) to $39 from $38 and keeps a Buy rating on the shares. The firm noted 3Q results came in above consensus estimatesfor both revenue and EBITDA, driven by strong Autoship customer sales, solid GMs and operating leverage. However, Q4 guidance was mixed as revenue came in slightly ahead while implied 4Q EBITDA was slightly lower than expected.
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Read More on CHWY:
- Chewy price target raised to $38 from $37 at JPMorgan
- Chewy earnings selloff a buying opportunity, says Citi
- Chewy price target raised to $36 from $34 at Guggenheim
- Chewy price target raised to $37 from $34 at JMP Securities
- Chewy Inc. Reports Strong Third Quarter Growth
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
