Where Will Chewy Stock Be in 1 Year?
In late May, (NYSE: CHWY) gave investors some good reasons to be excited about its business. While the e-commerce retailer is still seeing modest customer losses in the wake of pandemic-related demand spikes, sales trends were surprisingly strong. The pet supply giant also announced details about its international expansion, which is set to start in just a few months.
But what do these positive trends mean for the stock in 2023 and beyond? Let's take a closer look.
Chewy's first-quarter update showed improving sales trends that helped the company stand out from peers like Petco. Sure, its customer base shrank by about 1%, continuing the 1% decline rate that investors saw in the past full fiscal year. But there were enough positive signs around demand to offset that modest drop.
Source Fool.com
Chewy Inc Stock
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 27 € shows a positive potential of 20.19% compared to the current price of 22.47 € for Chewy Inc.
