Chewy, Inc. (CHWY) Near 52-Week Low, Yet Street Stays Bullish

Chewy, Inc. (NYSE:CHWY) is among the best money-making stocks to buy right now. On February 13, Chewy, Inc. (NYSE:CHWY) stock declined to $24.06. This is slightly higher than the stock’s 52-week low of $24.02. Despite this weak performance, 72% of the analysts remain bullish on the stock. With a consensus 1-year median price target of $46, the stock boasts an upside potential of 89.85%.

Earlier, on February 6, Piper Sandler reaffirmed an Overweight rating and a price target of $48 on Chewy, Inc. (NYSE:CHWY). The optimism remains, even after the stock’s nearly 28% YTD underperformance. According to the firm, there are three reasons behind the stock’s lag: concerns about the company’s 2026 outlook, concerns about pet ownership, and a sustained overhang from BC Partners.

Piper Sandler highlights that the company’s earnings in 2025 are falling near consensus estimates in contrast to the significant outperformance previously witnessed. Evidence of this is a mere 3% EBITDA beat year-to-date compared to an average 22% beat in 2024. Looking ahead, the firm projects 7-8% sales growth for Chewy, Inc. (NYSE:CHWY) versus the street’s 8% expectations.

Chewy, Inc. (NYSE:CHWY) is a Florida-based company providing pet food, pet medications, and other pet-health products, as well as pet services. Incorporated in 2010, the company offers its products through its retail websites and mobile applications.

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