Chewy Inc (NYSE:CHWY) is one of the best e-commerce stocks to buy now. Piper Sandler maintained an Overweight rating on Chewy Inc (NYSE:CHWY) on February 5, setting a price target of $48.00. The firm based the rating update on concerns regarding pet ownership following Tractor Supply Company’s recent earnings report, the company’s 2026 guidance, and the continued overhang from BC Partners, which still holds around a 42% ownership stake.
Piper further stated that Chewy Inc’s (NYSE:CHWY) 2025 earnings are closer to consensus expectations in comparison to the larger beats witnessed in previous years, with only a 3% EBITDA beat year-to-date compared to an average 22% beat in 2024. It anticipates Chewy Inc (NYSE:CHWY) to adopt a conservative approach for 2026, and expects the company to guide for 7-8% sales growth compared to the Street’s 8% expectation. In addition, it will likely bracket the 6.6% consensus EBITDA margin with potential upside from improved leverage, according to the firm.
In another development, Morgan Stanley revised the price target on Chewy Inc (NYSE:CHWY) to $51 from $48 on January 13, keeping an Overweight rating on the shares. According to the firm, 2026 is expected to be “thematically similar” to 2025 in the internet sector, with companies exhibiting material positive ROIC from GenAI or GPU-enabled technologies likely to get rewarded by the market.
Chewy Inc (NYSE:CHWY) is an online retailer of pet food and other pet-related products and services. The company provides pet food, medications, treats, and other related services and products, and also offers a portfolio of pet healthcare offerings, including Chewy Pharmacy, Connect with a Vet, and CarePlus.
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Disclosure: None. This article is originally published at Insider Monkey.
