Wolfe Research upgraded Chewy to an Outperform rating from its previous Hold position on January 3, 2025, highlighting several key growth drivers for the company in the upcoming year. The research firm anticipates Chewy will benefit from improving customer acquisition and increased net sales.
New product initiatives and planned international expansion are also expected to contribute to Chewy's performance. Furthermore, Wolfe Research pointed to operational efficiency gains, the growth of Chewy Health, private label offerings, and expanding ad revenue as catalysts for the company.
This upgrade reflects a positive outlook on Chewy's ability to leverage its strategic initiatives and operational strengths to drive significant growth in 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.