JPMorgan analyst Doug Anmuth raised the firm’s price target on Chewy (CHWY) to $40 from $38 and keeps an Overweight rating on the shares. The firm is “incrementally positive” on Chewy’s execution, active customer growth, and profitability ramp post the Q4 report. Strong execution is driving active customer momentum into fiscal 2025, the analyst tells investors in a research note.
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