Chewy, Inc. (NYSE:CHWY), among the stocks under $20 that will explode, has an upside potential of 64.28%. Chewy, Inc. (NYSE:CHWY) is drawing renewed attention from Wall Street after delivering a mixed but profitable start to fiscal 2026, even as the company trims its outlook for the year ahead.
On June 11, 2026, UBS lowered its price target on Chewy, Inc. (NYSE:CHWY) to $24 from $32 while maintaining a "Neutral" rating on the stock. The cut followed the company's first-quarter results announced the previous day. UBS ***** yst Michael Lasser said Chewy's business model is not fully immune to macroeconomic pressures.
Lasser said Chewy, Inc. (NYSE:CHWY) is showing signs of maturation as a company. Earlier in its growth trajectory, the pet products retailer was able to outrun difficult consumer periods, he noted.
That maturing process brings benefits such as improved profitability, though UBS said Chewy, Inc. (NYSE:CHWY) may not handily outperform its guidance the way it has in the past. The firm said the market needs to see realistic expectations for the back half of the year and beyond. UBS expects the stock to trade around its recent range in the near term.
Copyright: antonioguillem / 123RF Stock Photo
On June 11, 2026, UBS lowered its price target on Chewy, Inc. (NYSE:CHWY) to $24 from $32 while maintaining a "Neutral" rating on the stock. The cut followed the company's first-quarter results announced the previous day. UBS ***** yst Michael Lasser said Chewy's business model is not fully immune to macroeconomic pressures.
Lasser said Chewy, Inc. (NYSE:CHWY) is showing signs of maturation as a company. Earlier in its growth trajectory, the pet products retailer was able to outrun difficult consumer periods, he noted.
That maturing process brings benefits such as improved profitability, though UBS said Chewy, Inc. (NYSE:CHWY) may not handily outperform its guidance the way it has in the past. The firm said the market needs to see realistic expectations for the back half of the year and beyond. UBS expects the stock to trade around its recent range in the near term.
Copyright: antonioguillem / 123RF Stock Photo
4 months ago
