Chewy, Inc. (CHWY) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$24.59
Price Target
$41.71
Target Range
$28.00 — $52.00
Analyst Rating
Buy
Forward P/E28.1x
Trailing P/E27.0x
Forward PEG—
Implied Growth+148.2%
Median Target$44.00
Analyst Spread57.5%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$28
+13.9%
Consensus
$42
+69.6%
Bull Case
$52
+111.5%
CHWY Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Chewy, Inc. (CHWY) has a Wall Street consensus price target of $41.71, based on estimates from 38 covering analysts. With the stock currently trading at $24.59, this represents a potential upside of +69.6%. The company has a market capitalization of $10.19B.
Analyst price targets range from a low of $28.00 to a high of $52.00, representing a 58% spread in expectations. The median target of $44.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 31 analysts rating the stock as a Buy or Strong Buy,7 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, CHWY trades at a trailing P/E of 27.0x and forward P/E of 28.1x. Analysts expect EPS to grow +148.2% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Consumer Cyclical stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+38.6%
Avg Forward P/E32.7x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WOOFPetco Health and Wellness Company, Inc. | $749M | $2.74 | $3.59 | +31.0% | Hold | 18.7x | 25 |
 BARKBARK, Inc. | $77M | $8.96 | $30.00 | +234.8% | Buy | — | 4 |
 PETSPetMed Express, Inc. | $49M | $2.31 | — | — | — | — | — |
 FRPTFreshpet, Inc. | $2.7B | $54.92 | $73.42 | +33.7% | Buy | 40.4x | 29 |
 AMZNAmazon.com, Inc. | $3.0T | $274.95 | $306.77 | +11.6% | Buy | 35.3x | 94 |
 WMTWalmart Inc. | $1.0T | $130.08 | $137.04 | +5.4% | Buy | 44.7x | 64 |
 TGTTarget Corporation | $59.3B | $130.22 | $115.31 | -11.4% | Hold | 16.3x | 59 |
 COSTCostco Wholesale Corporation | $441.4B | $995.75 | $1070.00 | +7.5% | Buy | 48.7x | 58 |
 EBAYeBay Inc. | $49.4B | $108.15 | $109.67 | +1.4% | Hold | 17.7x | 68 |
 IDXXIDEXX Laboratories, Inc. | $46.1B | $579.23 | $773.13 | +33.5% | Buy | 39.9x | 22 |
Upside Potential Comparison
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Start ComparisonCHWY — Frequently Asked Questions
Quick answers to the most common questions about buying CHWY stock.
What is the CHWY stock price target for 2026?
The consensus Wall Street price target for CHWY is $41.71, representing 69.6% upside from the current price of $24.59. With 38 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is CHWY a buy, sell, or hold?
CHWY has a consensus rating of "Buy" based on 38 Wall Street analysts. The rating breakdown is predominantly bullish, with 31 Buy/Strong Buy ratings. The consensus 12-month price target of $41.71 implies 69.6% upside from current levels.
Is CHWY stock overvalued or undervalued?
CHWY trades at a forward P/E of 28.0868x, representing a moderate valuation. With analysts targeting $41.71 (69.6% implied move), the stock appears reasonably valued with upside.
How high can CHWY stock go?
The most bullish Wall Street analyst has a price target of $52 for CHWY, while the most conservative target is $28. The consensus of $41.71 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover CHWY stock?
CHWY is heavily covered by Wall Street, with 38 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 31 have Buy ratings, 7 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the CHWY stock forecast?
The 12-month CHWY stock forecast based on 38 Wall Street analysts shows a consensus price target of $41.71, with estimates ranging from $28 (bear case) to $52 (bull case). The median consensus rating is "Buy".
What is CHWY's forward P/E ratio?
CHWY trades at a forward P/E ratio of 28.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 27.0x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy CHWY stock?
Wall Street analysts are very optimistic on CHWY, with a "Buy" consensus rating and $41.71 price target (69.6% upside). 31 of 38 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do CHWY price targets vary so much?
CHWY analyst price targets range from $28 to $52, a 58% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $41.71 consensus represents the middle ground.