Is Chewy Stock Going to $100?
Chewy (NYSE: CHWY) stock was a pandemic darling. The online pet supply retailer became popular with shoppers as consumers had to cope with lockdowns. That momentum took its stock to an intraday high of $120 per share five years ago.
However, investors sold the stock off as pandemic restrictions eased and many consumers returned to their old shopping habits. Still, the growth never completely stopped, and Chewy has expanded into new business lines, helping it increase its profitability.
Are such improvements enough to get the retail stock back to $100 per share? Let's take a closer look.
Source Fool.com
Chewy Inc Aktie
22,89 €
0,91 %
Chewy Inc als klarer Gewinner: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das durchschnittliche Community-Kursziel von 39 € für Chewy Inc impliziert eine Steigerung von über 50% gegenüber 22.89 €.
