Citizens Rates Chewy (CHWY) buy, $28 Price Target
Citizens has reaffirmed its buy rating on Chewy, Inc. with a price target of $28.00, a 47.87% upside from the current price.
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Citizens rated Chewy, Inc. ($CHWY) "buy" with a $28 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.
Key Points
- On June 11, 2026, Citizens reiterated its buy rating on Chewy, Inc. with a price target of $28.00.
- Citizens's $28 price target implies 47.87% upside from Chewy, Inc.'s ($CHWY) current $18.93 share price.
- Chewy's current price of $18.93 is below its 52-week high of $40.55 and its 50-day moving average of $22.40.
- Analysts have varying targets for Chewy, with a consensus mean price of $28.82 based on 22 opinions.
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Citizens Maintains Positive Outlook for Chewy
On June 11, 2026, Citizens reiterated its buy rating on Chewy, Inc. (NYSE: CHWY) with a price target of $28.00. This rating reflects confidence in Chewy's position within the consumer cyclical sector, particularly in the e-commerce business catering to pet supplies and services.
What Changed in the Analyst Position
Citizens has kept the price target steady at $28.00, indicating a consistent belief in Chewy's growth potential. The firm has maintained this rating despite fluctuations in market conditions, highlighting its firm stance on the stock's long-term value.
Analysts Set New Price Targets
Several other firms are also covering Chewy, with a mix of ratings and price targets. On September 10, 2026, Morgan Stanley maintained its overweight rating for Chewy with a target of $36.00, while RBC Capital also kept an outperform rating with a target of $31.00. In contrast, JP Morgan downgraded its rating to neutral, lowering its target to $24.00. Overall, the consensus mean price target for Chewy stands at $28.82, reflecting a balanced view among analysts.
Stock Performance Context
Chewy's stock is currently trading at $18.93, which is below its 52-week high of $40.55 and its 50-day moving average of $22.40. This positioning suggests potential for upward movement if the company meets its growth targets, especially with its next earnings report scheduled for December 9, 2026.
$CHWY price target
Chewy, Inc. daily closes and this analyst's $28 target. Not advice.
What Chewy, Inc. Does
Chewy, Inc., based in Plantation, Florida, is a leading online retailer of pet food, supplies, and health products. The company engages customers through its websites and mobile applications, including a subscription service called Autoship. The recent reaffirmation of Citizens' buy rating emphasizes Chewy's strong market presence and reliability in the pet care industry.
What's Ahead for Chewy, Inc.
With the next earnings date on December 9, 2026, investors will be watching closely to see how Chewy performs in the current market environment. The recent analyst activity and Citizens' consistent rating may indicate confidence in the company's ability to deliver results that align with analyst expectations.
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Source: Citizens's rating change on $CHWY (Jun 11, 2026). Written by software, not financial advice. How we make alerts