One Growth Stock Down 87% to Buy Right Now
One of the more notable victims of the 2022 bear market was the e-commerce industry. Most companies revolving around e-commerce took a massive hit, and even Amazon lost over 55% of its value at one point. Nonetheless, most of these companies have moved past the slump and resumed revenue growth -- although their shares have not necessarily followed suit.
Despite an 87% drop from the 2021 high, online products retailer Chewy (NYSE: CHWY) did not experience a yearly revenue decline. And now that it is profitable, investors might want to consider a position before more prospective shareholders take notice.
E-commerce companies have difficulty competing with Amazon. As an e-retailer with numerous other businesses, it appears able to afford to operate its online sales business at cost or even a modest loss if segments such as AWS, advertising, and others drive company earnings.
Source Fool.com
Chewy Inc Stock
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 15.2% compared to the current price of 24.31 € for Chewy Inc.
