A Bull Market Could Be Here: 3 Reasons to Buy Chewy Stock
Last month wasn't a particularly great one for the market. All told, the S 500 lost 4% of its value in September, upending a budding rebound effort in the process.
It's far too soon, however, to say the bigger-picture rally in place since October of last year still isn't the groundwork for a new bull market. It may well be. The S 500's earnings are growing again, after all, and are expected to continue doing so through next year.
If this is indeed the underpinning for long-term bullishness, all stocks stand to benefit. Some stocks stand to benefit more than others, though. Online pet supply store Chewy (NYSE: CHWY) is one of these names. Three bullish arguments stand out among the rest.
Source Fool.com
Chewy Inc Stock
€23.02
-0.070%
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 21.63% for Chewy Inc compared to the current price of 23.02 €.
