Chewy Stock Rises 044% to $4748 with $286M Volume Ranking 342nd as Jefferies Downgrades to Hold

On June 5, 2025, Chewy (CHWY) closed at $47.48, marking a 0.44% increase. The trading volume reached $286 million, placing it at the 342nd position in the day's market activity.

Jefferies has downgraded Chewy Inc. from "Buy" to "Hold," citing concerns over the stock's valuation. The firm noted that the stock has rallied significantly this year, making it appear overvalued. Despite raising the price target to $43, Jefferies believes that the current valuation does not justify a "Buy" rating.

Jefferies analyst Kaumil Gajrawala issued the downgrade, highlighting that the stock is trading at a level that is one standard deviation above its historical average. The analyst also mentioned the lack of new catalysts to drive further growth, contributing to the decision to downgrade the rating.

Chewy Inc. is the largest pure-play pet e-tailer in the United States, offering a wide range of pet products and services. The company has partnered with over 3,500 trusted brands in the pet industry and offers more than 110,000 products through its website and mobile applications. The company's focus on exceptional customer service and convenient shopping experience has contributed to its success in the e-commerce market.