Chewy's stock is experiencing a decline despite Wedbush raising its price target for the company from $35 to $39. This adjustment reflects a positive outlook from the analyst firm, suggesting confidence in Chewy's future performance. However, the market reaction appears to be contrary, as the stock is trading lower.
The current price of Chewy (CHWY) is $31.61, down 5.56% from its previous close of $33.47 on December 4th.