3 Reasons to Buy Chewy Stock Right Now
Investors have put (NYSE: CHWY) back in the doghouse. The pet supply specialist's stock, which had been beating the market in early 2023, is down 16% through early August compared to a 17% increase in the S 500.
There are some potentially good reasons for Wall Street to feel cautious about this e-commerce retailer. Yellow flags include modest sales growth and a shrinking customer base over the last few quarters. Yet investors shouldn't focus too much on those short-term issues. Look closer, and you'll see better reasons to like this stock right now.
Let's dive right in to three of them.
Source Fool.com
Chewy Inc Stock
With 40 Buy predictions and 4 Sell predictions Chewy Inc is one of the favorites of our community.
As a result the target price of 28 € shows a slightly positive potential of 16.45% compared to the current price of 24.05 € for Chewy Inc.