Should You Buy Chewy Stock While It's Below $20?
(NYSE: CHWY) stock is available at a huge discount today. At less than $20 per share, its valuation is near an all-time low. Shares peaked at $120 during the pandemic but since then have collapsed by more than 80%.
This brutal drop reflects pessimism around the pet supply specialist's sales prospects in a slow-growing industry. Pet adoption rates returned to more normal levels in the post-lockdown period, and that shift means new pricing and demand pressures.
The stock could be a good buy, though, for investors willing to endure some extreme volatility in 2024. Let's take a closer look.
Source Fool.com
Chewy Inc Stock
€23.05
4.300%
With 38 Buy predictions and 3 Sell predictions Chewy Inc is one of the favorites of our community.
As a result the target price of 28 € shows a positive potential of 21.5% compared to the current price of 23.05 € for Chewy Inc.
