Needham Reiterates Hold Rating on Chewy Inc. (CHWY)

Needham analyst Bernie McTernan reiterated a Hold rating on Chewy Inc. (NYSE: CHWY).

The analyst commented: "CHWY reported better than expected 4Q results and '25E guidance, pushing our revenue and adj. EBITDA estimates higher by +1% and +4%, respectively. Consistent with recent company commentary, net customer adds appear to be inflecting driven by CHWY's investments in supply, customer experience and marketing. We expect these tailwinds to support continued customer growth in '25E and risk is likely to the upside of our LSD growth estimate, which contemplates a step down in quarterly net adds albeit from the seasonally strong 4Q. Given the momentum in the business, especially relative to ecommerce peers, we believe CHWY deserves a premium multiple, however, already reflected in shares keeping us on the sidelines."

For an analyst ratings summary and ratings history on Chewy Inc. click here. For more ratings news on Chewy Inc. click here.

Shares of Chewy Inc. closed at $33.25 yesterday.

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