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BTCC / BTCC Square / Global Cryptocurrency /
JPMorgan Maintains Buy Rating on Chewy (CHWY) Ahead of Q1 Earnings

JPMorgan Maintains Buy Rating on Chewy (CHWY) Ahead of Q1 Earnings

Author:
Global Cryptocurrency
Published:
2025-06-06 07:21:02
9
1

Pet supplies retailer Chewy is poised to report first-quarter 2025 results on June 11, with JPMorgan analyst Doug Anmuth reiterating a Buy rating and $36 price target. The 5-star analyst, boasting a 63% success rate and 21.2% average return, anticipates 7% revenue growth to $3.08 billion and 13% EPS expansion to $0.17.

Chewy shares have doubled over the past year, fueled by strong execution and product enhancements in the resilient pet care market. Anmuth projects 104,000 new active customers for the quarter and 421,000 for FY25, with potential upside to his conservative 3% annual sales growth forecast.

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