Morgan Stanley Cuts Chewy (NYSE:CHWY) Price Target to $43.00

Posted by Brenda Bartman on May 26th, 2026

Chewy (NYSE:CHWY – Get Free Report) had its price objective dropped by stock analysts at Morgan Stanley from $49.00 to $43.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 107.33% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Guggenheim reiterated a “buy” rating and set a $45.00 target price on shares of Chewy in a report on Monday, April 27th. Weiss Ratings downgraded shares of Chewy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. TD Cowen upped their price objective on Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. The Goldman Sachs Group reduced their price objective on Chewy from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Chewy in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.14.

Read Our Latest Stock Analysis on Chewy

Chewy Price Performance

Shares of NYSE:CHWY opened at $20.74 on Tuesday. The firm has a market capitalization of $8.64 billion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50. The firm’s 50-day moving average is $24.75 and its two-hundred day moving average is $28.67. Chewy has a 1 year low of $19.30 and a 1 year high of $48.62.

Chewy (NYSE:CHWY – Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. Analysts expect that Chewy will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 83,306 shares of Chewy stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the sale, the chief executive officer directly owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. This trade represents a 8.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 95,675 shares of company stock valued at $2,459,955 in the last quarter. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Chewy

Several large investors have recently bought and sold shares of CHWY. Transatlantique Private Wealth LLC lifted its holdings in Chewy by 3.0% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after buying an additional 314 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Chewy by 12.5% in the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock valued at $118,000 after acquiring an additional 324 shares during the last quarter. Angeles Wealth Management LLC raised its position in shares of Chewy by 6.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock worth $215,000 after acquiring an additional 330 shares in the last quarter. 180 Wealth Advisors LLC raised its position in shares of Chewy by 4.4% during the 4th quarter. 180 Wealth Advisors LLC now owns 9,222 shares of the company’s stock worth $305,000 after acquiring an additional 390 shares in the last quarter. Finally, Dynasty Wealth Management LLC lifted its stake in Chewy by 6.6% during the fourth quarter. Dynasty Wealth Management LLC now owns 6,321 shares of the company’s stock worth $209,000 after purchasing an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

About Chewy

(Get Free Report)

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.