• Barclays reaffirms its "Overweight" rating on Chewy Inc. (NYSE:CHWY), raising the price target from $47 to $52.
• Chewy reports a revenue of $3.12 billion in the third quarter, an 8.1% increase year-over-year, with active customers growing to 21.2 million.
• Autoship sales grew by 13.6% year-over-year to $2.61 billion, highlighting Chewy's strong customer retention and demand for its products.

Chewy Inc. (NYSE:CHWY) is a leading online retailer specializing in pet food and other pet-related products. The company has carved a niche in the e-commerce space by offering a wide range of pet supplies, including food, toys, and healthcare products. Chewy competes with other major players like Amazon and Petco, but it distinguishes itself with a strong focus on customer service and a user-friendly platform.

On December 11, 2025, Barclays maintained its "Overweight" rating for Chewy, with the stock priced at $35.43. Barclays also raised its price target for Chewy from $47 to $52, as highlighted by TheFly. This decision comes on the heels of Chewy's impressive third-quarter earnings report, which exceeded expectations and provided optimistic guidance for the fourth quarter.

Chewy's revenue for the third quarter reached $3.12 billion, marking an 8.1% increase from the previous year. This growth was driven by a rise in unit volume, indicating strong demand for Chewy's products. The number of active customers increased to 21.2 million, a nearly 5% year-over-year growth, supported by improved marketing efficiency and higher conversion rates.

Chewy's Autoship sales, crucial for predictability and cost efficiency, grew by 13.6% year-over-year to $2.61 billion, outpacing the company's overall growth. The performance of Chewy's mobile app was also strong, with app customers and orders increasing by 15% year-over-year. This was facilitated by enhanced app functionality and a rise in direct traffic.

Chewy Vet Care exceeded expectations, further enhancing customer engagement and satisfaction. Despite challenging macroeconomic conditions, Chewy continues to demonstrate resilience and growth. The stock is currently priced at $35.43, reflecting a 1.69% increase. It has fluctuated between $34.41 and $37.22 today, with a market capitalization of approximately $14.69 billion and a trading volume of 20.34 million shares.