Barclays Maintains Equal-Weight Rating for Chewy: Here's What You Need To Know

Barclays has decided to maintain its Equal-Weight rating of Chewy CHWY and raise its price target from $28.00 to $30.00.

Shares of Chewy are trading up 0.08% over the last 24 hours, at $38.13 per share.

A move to $30.00 would account for a 21.32% decrease from the current share price.

About Chewy

Chewy is the largest e-commerce pet care retailer in the U.S., generating $8.9 billion in 2021 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a standalone company in 2019, after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.