UBS Trims PT On Chewy (CHWY) From $32 To $24, Cites Macroeconomic Pressures
Key takeaways
- UBS Trims PT On Chewy (CHWY) From $32 To $24, Cites Macroeconomic Pressures Faheem Tahir Sun, June 21, 2026 at 3:35 AM GMT+7 2 min read CHWY Chewy, Inc.
- On June 11, 2026, UBS lowered its price target on Chewy, Inc.
- (NYSE:CHWY) is showing signs of maturation as a company.
UBS Trims PT On Chewy (CHWY) From $32 To $24, Cites Macroeconomic Pressures Faheem Tahir Sun, June 21, 2026 at 3:35 AM GMT+7 2 min read CHWY 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 analyst 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.