Is Chewy Stock Going to $35? 1 Wall Street Analyst Thinks So.
Up 75% from its 52-week lows, (NYSE: CHWY) may have investors feeling as though they've missed a golden opportunity. However, when we zoom out on the time horizon, it is abundantly clear that the best may be yet to come for the leading e-commerce pet specialty retailer.
One Wall Street analyst who is echoing these beliefs is Anna Andreeva with Piper Sandler. Raising their outlook on the stock from neutral to outperform, the analyst made a massive change to the company's one-year price target, moving it from $22 to $35. Compared to Chewy's current price of around $26, this implies a roughly 35% upside in the company's shares.
Here's why I can't help but agree with Andreeva, especially over the long haul.
Source Fool.com
Chewy Inc Stock
€25.82
-0.350%
Our community is currently high on Chewy Inc with 44 Buy predictions and 5 Sell predictions.
With a target price of 29 € there is a slightly positive potential of 12.32% for Chewy Inc compared to the current price of 25.82 €.
