Baird Rates Chewy (CHWY) buy, $30 Price Target

Baird reaffirms its buy rating on Chewy, Inc. with a target price of $30, signaling positive outlook amidst mixed Wall Street opinions, a 56.54% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:14 PM EDT · Updated Jun 16, 2026, 11:01 AM EDT

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Baird rated Chewy, Inc. ($CHWY) "buy" with a $30 price target on June 11, 2026.

Since the rating, $CHWY is down 3.0% after 1 week, up 8.3% after 1 month and up 11.7% to date (from the $18.77 close on Jun 11, 2026).

CHWY Chewy, Inc.

$20.97 -37.38% year to date

Daily close · Oct 16, 2026

Key Points

Baird reiterated its buy rating on Chewy, Inc. (NYSE: CHWY) with a price target of $30 on June 11, 2026.
Baird's $30 price target implies 56.54% upside from Chewy, Inc.'s ($CHWY) current $19.16 share price.
Chewy shares closed at $19.16, which is below the target price, suggesting room for growth based on Baird's assessment.
Analysts remain divided, with a consensus target mean price of around $28.82 from 22 opinions, reflecting varying outlooks on Chewy's performance.

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Baird Stays Positive on Chewy

Baird has reiterated its buy rating on Chewy, Inc. (NYSE: CHWY) with a price target of $30. This announcement was made on June 11, 2026. The stock ended the trading day at $19.16, which is significantly lower than the target price, suggesting potential upside for investors.

Analysts Set New Price Targets

Baird's outlook aligns with several other firms, but opinions on Chewy are mixed across Wall Street. For instance, Mizuho maintains an Outperform rating with a target of $28, while Goldman Sachs also keeps a Buy rating but has lowered its target to $30 from $34. Conversely, JP Morgan downgraded its rating to Neutral with a target of $24, down from $29. Overall, the consensus target mean price stands at approximately $28.82 based on 22 analyst opinions, indicating a divergence in expectations for Chewy.

Stock Performance Insights

Chewy's stock is trading below its 50-day moving average of $22.40, reflecting recent challenges. The 52-week range for Chewy is from $17.40 to $40.55, and its current valuation presents an opportunity for growth. The current price also sits well below the average target set by analysts, indicating that many see a potential recovery.

12-month forecast

$CHWY price target

Chewy, Inc. daily closes and this analyst's $30 target. Not advice.

What Chewy, Inc. Does

Chewy, Inc. is a prominent e-commerce company based in Plantation, Florida. It specializes in selling pet food, supplies, and health products through its website and mobile apps. The company has attracted a significant customer base, partly due to its convenient Autoship subscription service.

What’s Next for Chewy?

Chewy is set to report its next earnings on December 9, 2026. Baird's reaffirmation of a buy rating suggests confidence in Chewy's recovery potential, especially as analysts navigate varying expectations for the company's performance. Investors should keep an eye on upcoming earnings reports and any further ratings adjustments from analysts in the coming months.