TD Cowen has named Chewy its top small and mid cap idea for 2026, citing business initiatives and market share potential. The call follows Chewy securing a new seven-year senior secured term loan credit facility and its addition to the Russell 2500 Index and Russell 2500 Growth Benchmark. Chewy's share price gained 9.63% over the past week but remains down 36.43% year to date, with a one-year total shareholder return decline of 48.10%. A Simply Wall St narrative model estimates a fair value of $31.05 per share versus a last close of $21.29, implying the stock is undervalued, though its current P/E of 34.2x is well above the US Specialty Retail industry average of 19.4x and the peer average of 14.8x.
Chewy IncTD Cowen named Chewy top small/mid cap pick for 2026, citing business initiatives and market share potential, and the stock is deemed undervalued by a narrative model.