Chewy Stock Has 45% Upside, According to 1 Wall Street Analyst
Despite continued growth in the business, (NYSE: CHWY) stock has not rebounded with the broad market over the last year. Shares are still down 85% from their previous peak, but analysts at Needham see a buying opportunity.
The firm recently maintained its buy rating for the stock with a price target of $25, which also happens to be close to the average price target for all analysts covering the stock.
There are a few factors weighing on the stock price. The company is struggling to grow its active customer count, which declined slightly in the fiscal 2023 third quarter to 20.3 million.
Source Fool.com
Chewy Inc Stock
€23.87
2.150%
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 17.33% compared to the current price of 23.87 € for Chewy Inc.
