CHWY Chewy, Inc. NYSE closes $23.45 on 24 Mar 2026: earnings set to steer price targets

Chewy, Inc. (CHWY) closed at $23.45 on the NYSE in the United States on 24 Mar 2026, trading down -0.59% on volume of 12,054,009 shares as investors positioned ahead of tomorrow’s earnings release. CHWY stock faces a pivotal report that can reprice expectations after a year-to-date decline of -29.96% and a 52-week low of $22.74. We focus on the numbers, analyst targets, and the likely market reaction to guide short-term setups and longer-term outlook for CHWY stock.

Earnings setup for CHWY stock

Chewy reports earnings on 25 Mar 2026 after market open, and guidance or margin detail will matter most. One topline beat could repair confidence after revenue growth slowed to 6.40% year-over-year in FY 2025. Investors will watch Autoship retention, veterinary and prescription growth, and marketing spend as drivers for next-quarter guidance.

Key financials and valuation for CHWY stock

Chewy shows trailing EPS of 0.49 and a trailing P/E of 47.87, reflecting premium multiple on thin net margins of 1.64%. Price to sales is 0.77, and cash per share is 1.69. The 50-day average is $27.82 and the 200-day average is $34.97, which frames current price weakness relative to longer-term trends.

Analyst views and CHWY stock price targets

Wall Street tilts positive with 24 Buys and 3 Holds and a MarketBeat average price target of $45.55. Recent targets range from $44.00 (Wolfe Research) to MarketBeat’s $45.55, showing consensus upside versus today’s $23.45. Options flow shows elevated put interest ahead of earnings that could increase headline volatility.

Technical picture and trading signals for CHWY stock

Technically CHWY stock reads oversold: RSI 35.34, CCI -150.02, and the stock trades near the lower Bollinger band at $23.06. Average daily volume is 7,763,598 and today’s volume of 12,054,009 suggests above-average activity. Short-term momentum favors sellers, but an earnings beat could trigger a rapid mean-reversion toward the 50-day average.

Meyka AI rates CHWY with a score out of 100 and forecast

Meyka AI rates CHWY with a score out of 100: 74.59 (Grade B+, Suggestion: BUY). This grade factors S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a yearly price of $43.54 USD, implying an upside of 85.69% from the current price of $23.45; forecasts are model-based projections and not guarantees.

Risks and CHWY stock opportunities

Key risks include margin pressure from higher logistics and marketing costs and valuation compression given the P/E of 47.87. Opportunities include rising Autoship adoption, veterinary spend, and operating leverage captured in recent free cash flow improvements. Institutional ownership at 93.09% could amplify moves on new guidance.

Final Thoughts

Key takeaway: CHWY stock trades at $23.45 on the NYSE in USD with a stretched multiple (P/E 47.87) and heavy analyst attention ahead of the 25 Mar 2026 earnings report. Short-term trade set-ups favor headline-driven moves because daily volume and options activity are elevated. Analysts’ average target of $45.55 and Meyka AI’s yearly forecast of $43.54 indicate material upside vs current price, but that upside depends on margin guidance and Autoship retention. We recommend monitoring the earnings call for unit economics, net promoter trends, and any revision to capital allocation. Meyka AI is an AI-powered market analysis platform that factors these data points into its grade and forecast; forecasts are model-based projections and not guarantees.

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.