A Bull Market Is Coming: 3 Reasons to Buy Chewy Stock
Share prices of (NYSE: CHWY) are down 18% year to date. Slowing revenue growth coming out of the pandemic and losses on the bottom line have weighed on the stock for the last year.
However, Chewy isn't going anywhere. Pets are part of the family, and Chewy is emerging as the go-to online destination for convenient access to a large selection of pet food and other essentials. Most importantly, the business is starting to turn a profit as it expands.
Here are three good reasons to buy and hold the stock for the long haul.
Source Fool.com
Chewy Inc Stock
€14.78
0.320%
With 30 Buy predictions and 3 Sell predictions Chewy Inc is one of the favorites of our community.
As a result the target price of 28 € shows a very positive potential of 89.5% compared to the current price of 14.78 € for Chewy Inc.
