Chewy (CHWY) Set to Leverage on Favorable 2026 Internet Outlook

Chewy Inc (NYSE:CHWY) is one of the best large cap stocks under $100 with huge upside potential.

As of January 23 closing, sentiment towards Chewy Inc remains highly bullish. The stock received coverage from 18 analysts, 16 of whom have assigned Buy ratings and 2 have given Hold calls. It offers roughly 49% upside potential to investors based on a $47.19 median 1-year price target.

Etsy (ETSY) Hits Fresh High on Transfer to NYSE Trading

Pixabay/Public domain

On January 6, Shweta Khajuria from Wolfe Research reaffirmed her Outperform rating on Chewy Inc. She lowered her price target on the stock from $46 to $44, which still leads to around 39% upside potential.

Khajuria based her optimism for Chewy Inc on her positive 2026 outlook for Internet stocks. However, she thinks that the coming year might not replicate the same level of outperformance witnessed during the previous three years, amid stretched valuations. Yet, there will be opportunities linked to AI developments and product catalysts.

Chewy Inc is an e-commerce retailer focused on pet health products and services. It offers supplies, medications, treats, and food for pets through a popular “Autoship” service, which generates 70% of business revenues. It offers products from over 3,500 brands through a high-volume automated distribution network.

READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.

This article is originally published at Insider Monkey.