Chewy price target raised to $28 from $24 at Deutsche Bank

TipRanks11-23 19:25

Deutsche Bank raised the firm’s price target on Chewy (CHWY) to $28 from $24 and keeps a Hold rating on the shares ahead of the Q3 report on December 4. The firm says industry data is yet to show an ...

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The firm says industry data is yet to show an inflection in pet household formation. The “picture is more balanced than shares currently appreciate,” the analyst tells investors in a research note. However, Measure sales suggest nice revenue acceleration in the Q3, with Chewy’s revenue pacing towards the high end of guidance, adds Deutsche Bank.Unlock your investing potential with TipRanks Premium - Now At 40% OFF!Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Chewy  Stock Rises on Double Upgrade from Bank of America. Target reports downbeat Q3, Comcast plans cable TV spinoff: Morning Buzz. Target downgraded, Chewy upgraded: Wall Street’s top analyst calls","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"CHWY":"Chewy, Inc.","DB":"德意志银行"},"translate_title":"德意志银行将Chewy目标价从24美元上调至28美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DB":1,"CHWY":0.9},"content_text":"Deutsche Bank raised the firm’s price target on Chewy (CHWY) to $28 from $24 and keeps a Hold rating on the shares ahead of the Q3 report on December 4. The firm says industry data is yet to show an inflection in pet household formation. The “picture is more balanced than shares currently appreciate,” the analyst tells investors in a research note. However, Measure sales suggest nice revenue acceleration in the Q3, with Chewy’s revenue pacing towards the high end of guidance, adds Deutsche Bank.\n\nDon't Miss our Black Friday Offers:\n\nUnlock your investing potential with TipRanks Premium - Now At 40% OFF!\nMake smarter investments with weekly expert stock picks from the Smart Investor Newsletter\n\n\n\nPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>\n\n\nSee today’s best-performing stocks on TipRanks >>\n\n\nRead More on CHWY:\n\nChewy (CHWY) Stock Rises on Double Upgrade from Bank of America\nTarget reports downbeat Q3, Comcast plans cable TV spinoff: Morning Buzz\nTarget downgraded, Chewy upgraded: Wall Street’s top analyst calls\nChewy upgraded to Buy from Underperform at BofA\nChewy upgraded to Buy from Neutral at BofA","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485620883"}