Citi analyst Steven Zaccone says Chewy’s (CHWY) Q3 earnings showed sequentially improving fundamentals “but missed a high bar of market expectations.” It sees the post-earnings share weakness as a buying opportunity and keeps a Buy rating on the name with a $40 price target Citi still views Chewy as one of the more attractive EBITDA expansion stories in consumer growth.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CHWY:
- Chewy price target raised to $37 from $34 at JMP Securities
- Chewy Inc. Reports Strong Third Quarter Growth
- Salesforce up after Q3, GM outlines $5B in China business charges: Morning Buzz
- Morning Movers: Salesforce jumps after Q3, Foot Locker sinks after guidance cut
- CHWY Earnings: Chewy Reports Better-than-Expected Q3 Results
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
