• Chewy (CHWY) shares surged 4.1% to $18.59 today, driven by renewed positive analyst sentiment and discussions about the company as a potential acquisition target.
  • This follows TD Cowen's reiteration of a Buy rating on June 23, 2026, designating Chewy as its "Best Smidcap Idea for 2026" with a $34.00 price target, highlighting promising growth and margin initiatives.
  • Analysis on June 24, 2026, also notes bullish sentiment and references strong Q1 FY27 net sales growth of 8% year over year, along with a robust Autoship program.