Chewy

CHWY

Market cap $8.68B

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

CHWY is expanding its healthcare platform through Vet Care and Modern Animal to drive customer growth and long-term profitability.

Carillon Eagle Mid Cap Growth Fund stocks delivered solid results in the second quarter. Top securities in the quarter were Datadog, Marvell, Vertiv, Teradyne and Macom Technology Solutions. Top securities in the quarter were Datadog, Marvell, Vertiv, Teradyne and Macom Technology Solutions.

Chewy remains a Strong Buy, with valuation implying a high margin of safety even under conservative assumptions and challenging macro conditions. Q1 delivered 7.7% YoY net sales growth, $71M FCF, record profitability, and nearly 200,000 net customer additions despite consumer headwinds. CHWY's guidance reflects macro pressure: net sales are expected at $13.40–$13.55B and Adj. EBITDA margin at 6.6–6.8%, but long-term potential remains intact.

Chewy is upgraded from Hold to Buy after a 40% stock decline and earnings multiple compression. CHWY's fundamentals have improved, with consistent top and bottom-line growth despite occasional estimate misses. The pet products market remains high-growth, supporting sustained demand and CHWY's upward business trajectory.

Chewy NYSE: CHWY held its 2026 Annual Meeting of Stockholders, with Chairman of the Board Raymond Svider presiding over the virtual meeting and announcing preliminary voting results on four proposals.

Chewy remains a "Buy" despite a ~40% YTD decline and a guidance cut, as I view challenges as cyclical, not structural. CHWY lowered FY26 sales outlook to $13.40–$13.55 billion, citing macro headwinds and consumer trade-down to lower-priced pet products. I see ongoing improvements in margins, customer net additions, and engagement, supporting long-term growth and share gains.

Chewy (CHWY) reported earnings 30 days ago. What's next for the stock?

Retail meme energy has rotated back into three familiar names, and the setups could not be more different.

CHWY strengthens recurring revenues through customer growth, Vet Care expansion and an integrated pet ecosystem.