1 Growth Stock Trading at an All-Time-Low Valuation That Could Rise by 97%, According to Wall Street
While there are no guarantees in Wall Street analysts' price targets, they can be a great starting point to find promising investments. One stock that recently caught my attention was e-commerce-focused pet retailer (NYSE: CHWY).
The stock currently trades at around $16 per share, but Wall Street analysts are quite upbeat on the stock, maintaining an average price target of $31.62. That implies a 97% upside potential. Recently, the company received updated buy ratings from analysts Eric Sheridan of Goldman Sachs and Trevor Young of Barclays, who set price targets of $36 and $30, respectively.
After examining Chewy's recent results, along with the strategy that management outlined during its investor day in December, I can't help but agree with Wall Street. Down 86% from its all-time highs, Chewy looks like an outstanding growth stock to buy at its current all-time-low valuation.
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 21.87% for Chewy Inc compared to the current price of 22.98 €.
