Analysts fell to the sidelines weighing in on Costco (COST – Research Report) and Chewy (CHWY – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
In a report released yesterday, Paul Lejuez from Citi maintained a Hold rating on Costco, with a price target of $530.00. The company’s shares closed last Wednesday at $542.26.
According to TipRanks.com, Lejuez is a 5-star analyst with an average return of 10.1% and a 59.2% success rate. Lejuez covers the NA sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, National Vision Holdings, and Dick’s Sporting Goods.
Costco has an analyst consensus of Strong Buy, with a price target consensus of $593.24.
The company’s shares closed last Wednesday at $27.33, close to its 52-week low of $25.29.
According to TipRanks.com, Zaccone is a 2-star analyst with an average return of 0.6% and a 54.0% success rate. Zaccone covers the NA sector, focusing on stocks such as Williams-Sonoma, Tractor Supply, and O’Reilly Auto.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chewy with a $42.00 average price target, representing a 52.8% upside. In a report released yesterday, Evercore ISI also downgraded the stock to Hold with a $35.00 price target.
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