Citi Maintains Buy Rating for Chewy Inc. (CHWY)
Key takeaways
- (CHWY) Muhammad Ali Khalid Tue, June 23, 2026 at 10:06 PM GMT+7 2 min read CHWY WOOF Chewy Inc.
- On June 12, Citi reaffirmed a Buy rating for Chewy Inc.
- According to the firm, the recent post-earnings selloff in the shares is directly tied to negative earnings revisions, which have pushed the stock to trade at an all-time low valuation.
Citi Maintains Buy Rating for Chewy Inc. (CHWY) Muhammad Ali Khalid Tue, June 23, 2026 at 10:06 PM GMT+7 2 min read CHWY WOOF Chewy Inc. (NYSE:CHWY) is one of the 10 oversold stocks offering high upside.
On June 12, Citi reaffirmed a Buy rating for Chewy Inc. (NYSE:CHWY) while reducing the price target from $37 to $31. Despite the downward adjustment, the estimated price target still results in an upside of almost 75%.
According to the firm, the recent post-earnings selloff in the shares is directly tied to negative earnings revisions, which have pushed the stock to trade at an all-time low valuation. Furthermore, Citi characterized the stock’s current valuation discount relative to Petco Health and Wellness Company Inc. (NASDAQ:WOOF) as difficult to understand. Ultimately, the firm maintains that Chewy presents an attractive investment opportunity at its current trading levels.