What’s Going On With Chewy Stock Today? – Chewy (NYSE:CHWY)

“Unlikely this is his own money. Even selling all his GameStop without paying taxes, it just doesn’t add up. If you’re looking for aggressive buys Warren Buffett’s 30% stake in Occidental looks far more compelling than following Kitty Man,” wrote Citron Research in the post Monday. 

Roaring Kitty’s social media accounts have been silent since last week’s post of a cartoon dog before Gill’s Chewy disclosure. Chewy shares continue lower Tuesday on above-average trading volume.

Will CHWY Stock Go Up?

When trying to assess whether or not Chewy will trade higher from current levels, it’s a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $24.12 on Chewy. The Street high target is currently at $35 and the Street low target is $16. Of all the analysts covering Chewy, 9 have positive ratings, 7 have neutral ratings and no one has negative ratings.

In the last month, 3 analysts have adjusted price targets. Here’s a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street’s most accurate analysts. Check out how analysts covering Chewy have performed in recent history.

Stocks don’t move in a straight line. The average stock market return is approximately 10% per year. Chewy is 34.42% down year-to-date. The average analyst price target suggests the stock could have further downside ahead.

For a broad overview of everything you need to know about Chewy, visit here. If you want to go above and beyond, there’s no better tool to help you do just that than Benzinga Pro. Start your free trial today.

CHWY Price Action: According to Benzinga Pro, Chewy shares are down 2.24% at $24.87 at the time of publication Tuesday.

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