---
title: "US Stock Market News | Chewy drops more than 5% as RBC analyst suggests the stock may be overvalued"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/213576587.md"
description: "On Thursday, Chewy's stock price rose, falling over 5% as of the time of publication, to $25.745. RBC Capital Markets analysts maintained their \"outperform\" rating on the stock and raised the target price to $32, but noted that Chewy's valuation may be too high. The company reported earnings per share of $0.68 for the second quarter, exceeding the average analyst expectation by $0.66. Revenue increased by 2.6% year-on-year to $2.86 billion, in line with expectations. Although the total number of active customers decreased by 1.8% to 20 million, the net sales per active customer increased by 6.2% to $565, reaching a historical high. Sales from customers on auto-ship orders increased by 5.8% to $2.24 billion"
datetime: "2024-09-05T15:24:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/213576587.md)
  - [en](https://longbridge.com/en/news/213576587.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/213576587.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/213576587.md) | [繁體中文](https://longbridge.com/zh-HK/news/213576587.md)


# US Stock Market News | Chewy drops more than 5% as RBC analyst suggests the stock may be overvalued

According to the Zhitong Finance and Economics APP, on Thursday, Chewy (CHWY.US) saw its stock price rise, with the stock falling over 5% to $25.745 as of the time of publication. RBC Capital Markets analysts maintained their "outperform" rating on the stock and raised the target price to $32, but noted that Chewy's valuation may be too high.

The company reported earnings per share of $0.68 for the second quarter, beating the average analyst expectation by $0.66. Revenue increased by 2.6% year-on-year to $2.86 billion, in line with expectations. Although the total number of active customers decreased by 1.8% to 20 million, the net sales per active customer increased by 6.2% to $565, reaching a historical high. Sales from customers on auto-ship orders increased by 5.8% to $2.24 billion

### 相关股票

- [Chewy (CHWY.US)](https://longbridge.com/zh-CN/quote/CHWY.US.md)

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