Where Will Chewy Stock Be in 5 Years?
(NYSE: CHWY) has taken investors on a wild ride over the past five years. The online pet products retailer was spun out from PetSmart in 2019, and it soared from its initial public offering (IPO) price of $22 to a record high of $118.69 on Feb. 12, 2021.
But today, Chewy's stock trades at about $17. A $10,000 investment in its IPO would have grown to nearly $54,000 before shrinking back to $7,700. The stock lost its luster as growth cooled off and rising interest rates compressed its valuation.
Let's assess Chewy's near-term challenges to see if it can bounce back over the next five years.
Source Fool.com
Chewy Inc Stock
€22.47
-0.290%
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.
