3 Pet Stocks Looking for a Forever Home in Your Portfolio
After spending time in the doghouse, stocks that cater to pet owners are starting to bounce back. Shares of Rover (NASDAQ: ROVR) and (NASDAQ: FRPT) are beating the market in 2023, and Chewy (NYSE: CHWY) is bouncing back in a major way this week after a blowout financial update.
It was easy to buy into pet stocks in early 2020 when we were bracing for the beginning of the COVID-19 crisis. Pet adoptions spiked when folks realized that they would be hunkering at home for the long haul, setting the stage for years of growth as new puppies and kittens would mature into active and hungry members of the family.
Reality hasn't been as kind. Many companies have posted uninspiring results after the initial surge. Momentum could be starting to turn. Chewy's stock soared 22% on Thursday after posting better-than-expected fiscal first-quarter results. Rover and Freshpet are both already beating the market in 2023. Let's take a closer look at these three pet stocks that appear worthy of being tapped as best in show.
Source Fool.com
Freshpet Inc. Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Freshpet Inc. stock is not clear.
As a result the target price of 130 € shows a positive potential of 27.7% compared to the current price of 101.8 € for Freshpet Inc..
