Shares of Chewy Inc (NYSE:CHWY) were trading lower on Thursday, even after the company reported upbeat first-quarter results.

Here are some key analyst takeaways from the event:

Citizens JMP Securities analyst Andrew Boone maintained a Market Outperform rating and price target of $28.

Needham analyst Bernie McTernan reiterated a Hold rating on the stock.

Check out other analyst stock ratings.

Citizens JMP Securities: Chewy reported revenue of $3.4 billion and EBITDA of $253.1 million, both topping consensus estimates, Boone said in a note. He added, however, that the company guided to revenues of $3.3 billion at the midpoint for the second quarter, which represents:

A slowdown to around 6% year-on-year, from 7.7% in the first quarter

A sequential decline of around 2%

"The deceleration reflects a weaker consumer environment late in 1Q26, as consumers became more deliberate on discretionary ...