Why Chewy Stock Spiked Today
Shares of leading pet e-commerce behemoth Chewy (NYSE: CHWY) were up 5% as of 12:45 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.
Following five separate price target increases from analysts in December, Chewy received its first upgrade of the new year from Wolfe Research, which named the stock one of its top picks for 2025.
Despite Chewy's stock already doubling from its 2024 lows, Wolfe Research (and I) believe the best is yet to come. The firm cited the pet retailer's Chewy Health business, a growing array of private-label products, burgeoning ad revenue, and higher margins as reasons for optimism.
Source Fool.com
Chewy Inc Aktie
28,24 €
-0,51 %
Einzigartige Zustimmung für Chewy Inc mit ausschließlich Buy-Einschätzungen.
Ein Kursziel von 39 € für Chewy Inc könnte zu einer Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 28.24 € führen.
