Chewy: Jefferies downgrades to 'Hold' Rating, The Target Price is $43

Jefferies downgrades 'Hold' rating on Chewy(CHWY), compare with the 'Buy' previously.

The target price is $43, compare with $41 previously.

[Recent Rating]

Date	Agency	Change	Rating	Rating （previously）	Target Price	Target Price（previously）
2025-06-05	UBS	Maintains	Neutral	Neutral	$46	$36
2025-06-05	Jefferies	Downgrades	Hold	Buy	$43	$41
2025-05-28	Barclays	Maintains	Overweight	Overweight	$50	$44

[Company Profile] Chewy, Inc. began operating as Chewy.com in 2011 and Chewy.com, LLC was formed as a Delaware limited liability company in October 2013. On March 16, 2016, Chewy.com, LLC converted from a Delaware limited liability company to a Delaware corporation and changed its name to Chewy, Inc.. The company is the largest pure-play pet e-tailer in the United States, offering virtually every product a pet needs. The company launched Chewy in 2011 to bring the best of the neighborhood pet store shopping experience to a larger audience, enhanced by the depth and wide selection of products and services, as well as the around-the-clock convenience, that only e-commerce can offer. The company partner with more than 3,500 of the best and most trusted brands in the pet industry, and create and offer wn outstanding private brands. Through website and mobile applications, the company offer customers more than 110,000 products, compelling merchandising, an easy and enjoyable shopping experience, and exceptional customer service.