JUMP REPORT
| Avg Daily Volume: 2,625,921 Market Cap: 14.41B Sector: None Short Interest: 26.06 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.17/share REV: 1,350/M
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LAST QTR: EPS: -.16/share ACTUAL: -.20/share (MISS)
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NEXT QTR: EPS: -.13/share REV: 1,430/M
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FULL YR: EPS: -.65/share REV: 4,840/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: — % OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 7.81, -9.48, -7.81
EXPECTED JUMP MOVE: 8-10
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Chewy (CHWY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Investors scored big wins last year as the S&P 500, the Nasdaq, and the Dow Jones Industrial Average all climbed by double digits. Investor enthusiasm about technology and growth stocks, and the economic environment ahead, drove the momentum. After all, the artificial intelligence (AI) growth story is in its early days, and the Federal Reserve has launched interest rate cuts.
The average brokerage recommendation (ABR) for Chewy (CHWY) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Shares of leading pet e-commerce behemoth Chewy (NYSE: CHWY) were up 5% as of 12:45 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence. Following five separate price target increases from analysts in December, Chewy received its first upgrade of the new year from Wolfe Research, which named the stock one of its top picks for 2025. Despite Chewy’s stock already doubling from its 2024 lows, Wolfe Research (and I) believe the best is yet to come.
Morning Brief anchors Brad Smith and Madison Mills examine today’s top Wall Street analyst calls. RBC Capital has increased its price target on ServiceNow (NOW) to $1,210 per share from $1,045. The firm highlights ServiceNow’s potential to monetize generative AI demand through its Pro Plus offering, launched in 2023. Wolfe Research has upgraded pet retailer Chewy (CHWY) to Outperform, pointing to multiple growth drivers: improving customer acquisition, increased net sales, new product initiatives, and planned international expansion. Additionally, Raymond James has raised its rating on Block (SQ) to Outperform with a price target of $115, expressing confidence in the company’s growth prospects for 2025. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
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