1 Growth Stock Down 74% to Buy Right Now
It's been a tough past couple of years for (NYSE: CHWY) shareholders. The stock soared during the early days of the pandemic, shortly after its initial public offering (IPO). But Chewy shares are now down 74% from their early 2021 peak, unable to live up to the once-incredible hype. Investors are throwing in the towel.
That's exactly when and why you should step into a position in a company with real prospects like Chewy, however. We've certainly seen such a stock-picking strategy pay off in the past.
Don't misunderstand. We've seen plenty of highly touted, publicly traded companies end up imploding, punishing all-too-patient shareholders as a result. Names like Ketarra, Groupon, Webvan, and Freshly are just some of the names that come to mind.
Source Fool.com
Chewy Inc Stock
The stock is one of the favorites of our community with 38 Buy predictions and 3 Sell predictions.
With a target price of 28 € there is a positive potential of 22.16% for Chewy Inc compared to the current price of 22.92 €.
