Chewy Stock Has a Lot to Prove This Week
If you're looking for an underdog to root for this earnings season, consider a company that knows a thing or two about dogs. And cats. And other household pets.
(NYSE: CHWY) reports its fiscal second-quarter results on Wednesday afternoon. The stock chart doesn't look very appetizing. The online retailer of pet supplies hit a fresh 52-week low at the end of last week. It's just 3% from that valley, and would have to more than double to revisit its 52-week high. Chewy stock is trading 78% lower than its all-time peak it hit in early 2021.
This isn't a problem. It's an opportunity.
Source Fool.com
Chewy Inc Stock
€25.57
-1.350%
Currently there is a rather positive sentiment for Chewy Inc with 44 Buy predictions and 5 Sell predictions.
As a result the target price of 29 € shows a slightly positive potential of 13.44% compared to the current price of 25.57 € for Chewy Inc.
