Barclays Rates Chewy (CHWY) buy, $36 Price Target

Barclays maintains a 'buy' rating for Chewy, adjusting its price target to $36.00, a 87.84% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:13 PM EDT · Updated Jun 16, 2026, 12:02 PM EDT

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Barclays rated Chewy, Inc. ($CHWY) "buy" with a $36 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

On June 11, 2026, Barclays reiterated its 'buy' rating for Chewy, Inc. with a price target of $36.00. The stock closed at $19.16 on that day, down from $20.62.
Barclays's $36 price target implies 87.84% upside from Chewy, Inc.'s ($CHWY) current $19.16 share price.
Chewy's stock trades below its 52-week high of $40.55, indicating room for growth. Analysts have a consensus target mean price of $28.82.
Chewy, which operates in the e-commerce market for pet products, has a market cap of about $8.24 billion and reported revenue of $13.07 billion.

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Barclays Confirms Buy Rating for Chewy

On June 11, 2026, Barclays reiterated its 'buy' rating for Chewy, Inc. (NYSE: CHWY) with a price target of $36.00. The stock was priced at $19.16, down from its previous close of $20.62. This recommendation indicates Barclays' confidence in the company's growth potential.

Wall Street Ratings Comparison

This latest rating places Barclays in line with several other analysts covering Chewy. Mizuho maintains an 'Outperform' rating with a target of $28.00, while Goldman Sachs also has a 'Buy' rating but with a lower target of $30.00. On the other hand, JP Morgan downgraded its rating to 'Neutral' with a target of $24.00. Morgan Stanley, however, continues to be optimistic with an 'Overweight' rating and a target of $36.00.

Stock Performance and Market Context

Chewy's stock is currently trading below its 200-day moving average of $25.19 and near its 52-week low of $17.40, suggesting that the stock may be undervalued. The shares are significantly lower than their 52-week high of $40.55, reflecting potential upside for investors if market conditions improve.

12-month forecast

$CHWY price target

Chewy, Inc. daily closes and this analyst's $36 target. Not advice.

Recent Earnings

Chewy reported a revenue of $13.07 billion with a revenue growth rate of 7.3%. The net margin stood at around 2.09%, and the next earnings report is scheduled for December 9, 2026. This financial performance gives insight into the company's operational efficiency and profitability.

What Chewy, Inc. Does

Chewy, Inc. is a leading online retailer in the pet supply sector, offering a wide range of pet products, food, and medications. The company serves customers through its websites and mobile apps, including an Autoship subscription service. This rating reaffirms Barclays' belief in Chewy's growth potential as the pet market continues to expand.

What's Ahead for Chewy, Inc.

Investors will be watching Chewy's upcoming earnings report on December 9, 2026, for further insights into its financial health. The 13F filing reminder indicates that the reported ratings reflect analysts' views at a specific point and may not represent current evaluations as market conditions evolve.