Is Chewy Inc (CHWY) One Of The Stocks That Will Skyrocket On Falling Oil Prices?

Chewy, Inc. (NYSE:CHWY) is one of the 10 Stocks That Will Skyrocket When Oil Prices Fall. Morgan Stanley analyst Nathan Feather reduced the firm’s price target on Chewy, Inc. (NYSE:CHWY) from $50 to $49 while keeping an Overweight rating on March 30. The firm’s revised price target suggests a compelling 94% upside from the current levels. The firm emphasized that the company’s recent earnings, which came in much better than expected, suggest it may outperform its initial guidance, especially on EBITDA. Analysts believe the market is underestimating this potential, according to a research note shared with investors.

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However, in contrast to Morgan Stanley, RBC Capital increased its price target on Chewy, Inc. (NYSE:CHWY) while maintaining an Outperform rating on March 27. Analyst Steven Shemesh raised the firm’s price target on the stock from $43 to $47. The firm highlighted that the company’s fourth-quarter results met expectations and that its guidance exceeded forecasts. According to the analyst, management is successfully driving consistent market share gains and has addressed concerns that 2026 would be a reinvestment-focused year, supporting a positive outlook for the company.

Chewy, Inc. (NYSE:CHWY) is involved in the e-commerce business across the United States. The company provides pet supplies and medications, pet food and treats, and other pet health products. It is based in Plantation, Florida, and was incorporated in 2010.

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