3 Top E-Commerce Stocks to Buy Right Now
Investors have lost enthusiasm for many e-commerce stocks lately. Most of these businesses are enduring growth hangovers following the huge sales gains they saw during the pandemic. Their earnings have been pressured by that slowdown, as well as by rising costs associated with building out massive, complicated delivery networks.
Yet the long-term outlook for e-commerce is bright, and there is a lot of room for digital sales to grow as they account for more of the total retailing industry. With that big picture in mind, let's look at a few attractive e-commerce stocks. Read on for good reasons to buy (NYSE: CHWY), Home Depot (NYSE: HD), and Etsy (NASDAQ: ETSY).
Investors don't have high expectations for Chewy's upcoming earnings report. The stock has declined significantly in recent weeks, ahead of its Q2 update set for Aug. 30. Yet that slump could represent a buying opportunity for fans of the pet supply seller.
Source Fool.com
Chewy Inc Stock
With 38 Buy predictions and 3 Sell predictions Chewy Inc is one of the favorites of our community.
As a result the target price of 27 € shows a slightly positive potential of 19.84% compared to the current price of 22.53 € for Chewy Inc.
