Overview

• Chewy fell more than 16% after a largely positive quarter that beat consensus but failed to clear bullish whisper targets before bouncing back.
• Deutsche Bank and Seaport upgraded the stock last Thursday, saying the selloff left shares too cheap, according to coverage of the calls.
• Jim Cramer said buyers have his blessing to purchase the stock even after the rally and framed growth spending as a long‑term positive.
• The latest results included 8.6% revenue growth and momentum in autoship and the $49‑a‑year Chewy+ membership program.
• A WallStreetBets bull thesis highlights sticky repeat purchases from auto‑ship, steady U.S. profitability, and slower European expansion, while noting higher SG&A and executive pay as ongoing concerns; Yahoo Finance cited a Sept. 12 price of $34.66 with trailing and forward P/E near 96 and 28.