CHWY - Chewy Inc - Class A

NYSE · Consumer Cyclical · Internet Retail

$19.31

Market Closed

End of day · Jun 12, 2026, 12:00 AM

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Resolved

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About

Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail Website www.chewy.com, as well as mobile applications. The company offers approximately 110,000 products from 3,500 partner brands. Chewy, Inc. was founded in 2010 and is headquartered in Plantation, Florida.

https://www.chewy.com

CHWY - Chewy Inc - Class A

Consumer Cyclical

Looking at CHWY right now, it's tough to ignore just how brutal the last year has been. From hovering near 47 last June, the stock has effectively been cut in half, now sitting at 25.54. That kind of steady decline suggests a lot of optimism has already drained out, so I’m not expecting any heroics in the short term. Still, I’m leaning bearish down to a target of 21.00 over the next two months. The business just keeps running into the same walls: customer growth is flat, and they’re spending heavily to keep existing buyers engaged. Even when management tries to highlight operational improvements, it hasn’t translated into a healthier bottom line. These price levels might tempt some to call a bottom, but the chart keeps making lower lows, and I think there’s more pain before any sort of recovery trade sets up. The main risk here is that CHWY could get a sharp pop if they announce a deal or show real progress on margin expansion maybe they surprise next earnings, or some acquisition rumor hits. With sentiment already this low, any real positive could force a squeeze, so you have to respect that possibility. For now, I’m watching earnings next month as the key catalyst. If numbers disappoint again or guidance gets trimmed, I think we’ll see another leg down. I’m not eager to short this at the lows, but I don’t see a compelling reason to step in as a buyer until the bleeding stops. Just too many unknowns with the business model and the consumer right now.

Entry

$25.54

Below

$21.00

Jul 26, 2026

Karma

125 to 17562

Bearish

Open

Vote

CHWY - Chewy Inc - Class A

Consumer Cyclical

What a ride for CHWY over the past year. If you zoom out, this thing was trading up around 47 back in early June and just steadily bled almost every month since. Now it’s sitting at 25.54. The selloff was ruthless like, nearly a 50 percent haircut and I think we’re finally starting to see that flush slow down a bit. I’m leaning bullish here, with a target of 29.90 in the next couple of months. Not some huge 10 bagger call, just a move back toward a more reasonable multiple if they can show even a hint of margin improvement and stabilization in active customer count. Pet spend isn’t exactly discretionary for a lot of people even with inflation hitting wallets, folks are still buying food and meds for their pets. CHWY has the logistics and inventory dialed in compared to a lot of smaller competitors, and they’re still top of mind for autoship orders. I also think the worst of the macro overhang (high rates, consumer squeeze) is probably priced in at this point. One thing that could push this up sooner: the next earnings print. If they so much as beat on EBITDA or guide a bit higher on customer retention, there’s a real shot at a relief rally. Shorts are thick here and a little good news could force some covering. Main risk: if they miss on revenue again or start losing active users quarter on quarter, it could slip further toward 20. Not calling it dead money but the patience required is real. If you’re in, just keep an eye out for how sticky their customers stay once pandemic era growth is gone.

Entry

$25.54

Above

$29.90

Jun 28, 2026

Karma

125 to 17562

Bullish

Open

Vote